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New generation of cars to be launched in India

A global consortium of top students, professors and experts plan to use the Indian automotive market as a launch pad for a new generation of cars.

Updated on: Dec 15, 2007, 20:24:02 IST
PTI | By , Silicon Valley
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A global consortium of top students, professors and experts in various engineering fields plan to use the rapidly growing Indian automotive market as a launch pad for a new generation of cars that could revolutionise the international automobile industry.

HT Image
HT Image

Vehicle Design Summit, a Massachusetts Institute of Technology initiative, aims to develop a 4-passenger, 200MPGe, high-performance industry-standard car with minimal life cycle costs and wide appeal both in developed and developing countries.

Anna Jaffe, co-founder of Vehicle Design Summit and a student at the MIT, told the National Public Radio that the consortium had decided to look at the Indian market first because "they have such growth in their auto industry today." "The reason we picked India is that as its market expands, there is huge amount of pressure and competition on the indigenous car manufacturers there and our hope is to see them to be willing to take little bit of risk and really set the stage for game-changing vehicle," Jaffe said.

By August 2008 a green and resilient supply chain, fully verified vehicle, LEED platinum factory design, user base of on order of 100,000 users and tested use model to keep the vehicle driving 18 hours a day will be wrapped up and released.

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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