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    EcoCa Cheapest Small Car Fight Against Tata Nano

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    A London based company called EcoCa Ltd is planning to launch a new small car against our Tata Nano based on the price factor.

    EcoCa Ltd claims the new small car will have a 340cc two-seater petrol small car available at Rs 1 Lakh to claim the label of cheapest car in the World.

    The company is currently looking JV partner to sell their car in the country market.

    We have identified India as a lucrative market to achieve our price target of $2,200 which will also help us earn healthy profit margins, said by Mr. Karman Naghdi (MD, EcoCa Limited).

    “Some car manufacturers have shown interest in this small car after observing its performance, mileage and safety features”, he added.

    The new small car has been made with an investment of Rs 60 Crore and features the following:

    • Auto Transmission
    • Convertible Roof

    The small car will weights 330kg compared to 635kg Tata Nano. The company also claims that it will provide a mileage about 27 - 28 kmpl compared to 23.6 Kmpl on Nano. The Top speed will be 70 Kmph lower than the Nano’s 103 kmpl.

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