Ratan Tata Scoffs at Nano and Oil Cost Correlation
Yesterday we told you about concerns over rising oil prices due to the Tata Nano’s introduction into the market. Well, thanks to ABC News, who asked Tata chairman Ratan Tata whether he felt the Nano would have an affect on oil prices.
Mr. Tata laughs at the idea. But, other experts are weighing in and saying that it’s not only possible, but likely.
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Comments
Jonathan Fung
Well, I don't think the price of oil will go up to $300 per barrel either due to the Tata. The Tata will definitly contribute to the upward prices, but I doubt it's going to be the main factor by a longshot.
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