Wednesday, September 28, 2005

1 lakh car, 1 lakh parking lot

Happened to read about Tatas Rs. 1 lakh car (as it has become popularly known) in Business Today (Subscription etc. required, so dont bother, pick up the print edition). Some of the aspects of the car, from the report, seem to be quite disappointing.

Among other things, it says the base model will probably have curtains, not doors. The car will have an engine of about 600 cc. True, it is too much to expect a Mercedes for a lakh of rupees, but a car thats "almost a car" may not make it. We may yet be proved wrong, but buying a car thats only as good a rickshaw (or thereabouts) and slower than even a Maruti 800 may not cut ice with a lot of people (atleast in the cities).

But thats not the point, the thing that comes to my mind is that these days, in Bangalore, the going rate for a parking lot in any apartment complex is upwards of 1.5 lakhs (closed parking) and about 1 lakh for open parking.

Ahem! So, with the Tata chotta car, my parking lot will turn out to be more expensive than my "car"!

3 comments:

Anup said...

Engine size or horsepower are irrelevant. What you should be looking for is whether the car provides enough torque at low speeds, and has a high fuel economy. That is all that really matters in a city driving, unless one is buying a car for status.

Neelakantan said...

Cars are bought for status, atleast in the current Indian milieu. For a long time cars were, "for the rich". We still have not moved from that mindset. Otherwise, the autorickshaw would have adopted as a private means of transport too, but it is not, because, well, an auto doesnt confer any status on the owner!

Naveen Mandava said...

May be interesting...

http://www.ratio.se/pdf/wp/dk_parking.pdf