Tata Motors in top gear on one-lakh car buzz

DALAL STREET SPIKES

Tata Motors gained 3 per cent to Rs 710.90 on reports that it will unveil the world's cheapest car at an auto show in India next month. Tata Motors will showcase its $2,500 car at the Auto Expo in New Delhi on 10 January 2008, with a commercial launch planned later in 2008.

Meanwhile, market grapevine suggests that Tata Motors is set to be named, on December 21, as the top choice for buying Ford's iconic British brands Jaguar and Land Rover.