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The Nano is scheduled to hit the market in the second half of 2008. It is considered by some to be the least expensive production car in the world: the price is about $2,500. Tata's advertising tagline is 'More Dreams Per Car'.
Tata's purchase of Jaguar and Land Rover from Ford Motor Co. (reported to be a $2.3 billion deal) is the most recent of a string of acquisitions by the Indian company. (Tata recently acquired Britain's Tetley Tea and Boston's Ritz Carlton Hotel, and its steel division bought Britain-based Corus Group last year for $13 billion. )
Tata will have to sell an awful lot of Nano's to pay off the debt it has taken on.
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