<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1"> <META content="MSHTML 6.00.2900.2180" name=GENERATOR></HEAD> <BODY> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>Hi All - I've attempted to reply to each of your points individually. Do forgive me, if I've missed anyone out and thanks very much for your answers. </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>Alan Howes - Chandrashekhar can't ban the car. Only the legal process can. What he's said is that he will file a "Public Interest Litigation" and move the court on this issue. It will be left on the court to decide (a) whether the PIL should even be listened to at all and if yes, then to (b) hear the matter. </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>Lee Schipper - you said "<FONT size=2>if clean, slow, safe and truly small," </FONT></FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>"Clean" - </FONT></SPAN><SPAN class=075204504-10072007><FONT face=Verdana size=2>In India, Euro III norms are applicable in metros and a handful of key cities and Euro II in all other areas. Tata's car will comply with all these norms. (Note that diesel accounts for about 20% of car sales in India and we have CRDI engines although these are not mandatory). </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>"Slow" - not sure what you meant, but its a 630cc engine and I guess the BHP will also be on the lower side. </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>"Safe" - there are no safety requirements in India for cars. One reason why they're so attractively priced. (cheapest car in India retails at just over US$5,000). </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>"Truly small" - we still don't know the specs, but it will have to be smaller than 4,000mm to qualify as a "small car" and get lower excise duty. I fear you bust scenario is more likely than a boom scenario. </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>Congestion pricing in Mumbai has been specifically ruled out by the Chief Minister of Maharahstra (who also happens to be Dr. Chandrashekhar's boss). My personal view is that this car will indeed <FONT size=2>turn "more two wheeler drivers/riders into victims of l lakh four wheelers". That's where Dr. C is also coming from. </FONT></FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2></FONT></SPAN> </DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2>Walter Hook - Indeed, banning the car would be outrageous. As outrageous as Mumbai's urban planning, which seems to be devoid of sustainability and scalability. As I mentioned above, the Govt is strictly anti-congestion pricing. As for "market-oriented parking charges" - well, that's not happening either. More and more the Govt is looking at creating supply everywhere without a thought for the longer term. For example - on parking, the Municipality has suggested building huge underground car parks in certain areas. So we're talking - more supply for parking so that more people use cars to travel more often on roads that don't expand as often. Something's not right in that. </FONT></SPAN></DIV> <DIV><SPAN class=075204504-10072007><FONT face=Verdana size=2> </DIV> <DIV><BR></DIV></FONT></SPAN> <DIV><FONT face=Verdana size=2></FONT> </DIV> <DIV align=left><FONT face=Verdana size=2>Regards,</FONT></DIV> <DIV align=left><FONT face=Verdana size=2>Anupam Gupta</FONT></DIV> <DIV align=left><FONT face=Verdana size=2>+91 22 6650 5074</FONT></DIV> <DIV align=left><FONT face=Verdana size=2>Mobile +91 98204 98981</FONT></DIV> <DIV><FONT face=Verdana size=2></FONT> </DIV> <p><span style="font-family:'Arial';font-size:8pt;">-------------------------------------------------------------</span></p> <p><span style="font-size:12pt;"> </span></p> <p style="margin-top: 5pt;margin-bottom: 5pt;"><span style="font-size:12pt; color:#008000;"><b><i>CLSA CLEAN & GREEN: Please consider our environment before printing this Email</i></b></span></p> <p><span style="font-size:12pt;"> </span></p> <p><span style="font-size:12pt;">The content of this communication is subject to CLSA Legal and Regulatory Notices, which can be viewed at https://www.clsa.com/disclaimer.html or sent to you upon request.</span></p> <p><span style="font-size:12pt;"> </span></p></BODY></HTML>