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Ratan Tata might have been a proud person and so do the Tata Motors (of course they have to be) for creating Nano, not only for its price but also for its functionality. But not less than a year of launch of Nano we are seeing too many competitors for it. As the segment is hotting up more and more players are keen tap the low cost car market in its infancy itself.

In earlier post, I has mentioned about the Ajanta small car for Rs 85,000 and Tata Tiny expected to be priced at Rs 1 lakh. Now a Londan based company called EcoCa wants to launch a small car with a price of $2200 (Rs 1lakh).

EcoCa is a small engineering and designs company and is presently scouting for an Indian partner. The company plans to roll out a 340 cc two seater petrol car for as less at Rs $2200 (Rs 1 lakh).

Mr Karman M Nagdhi, MD of EcoCa sees a high potential for small cars in India. He has also mentioned about many auto manufacturers from India showing keen interests to evaluate the prototype of the EcoCa for performance, fuel efficiency and safety standards.

The information about the possible partner for EcoCa is still remote but industry speculations points out that Mahindra & Mahnidra could be one of the big contenders. However, a top official at M&M refused to confirm any such development.

In our earlier post, we had mentioned about the Jive and Wego from TVS Motors, now its officially launched though the deliveries will begin only in January next year. On the occasion of the launch at Chennai, TVS Motors Chaiman Venu Srinivasan said, the company will launch two new models in each year, in the form of upgrades and new variants.

Both Jive and Wega comes with a new clutch-less technology with an all alluminium 110cc engine. The company has invested Rs 25 crore for Jive and Rs 50 crore for Wego’s development. The engine has been developed in-house where as the gearbox is imported from Indonesia, which the company Chairman claims to be a marriage of technologies.

The company has already applied patent for T-Matic technology (clutch-less technology) and expect to sell over 25,000 units per month in the next fiscal. Mass production of the Jive has already started at its Hosur plant where are that of Wego will start from second half of January 2010.

Jive(motorcycle) is priced at Rs 41,000 and Wego(scooter) at Rs 42,500 both ex-showroom Chennai.Both the bikes promise to give a stress free ride in hectic city traffic.