In 2007, Tata Motors licensed the rights from MDI for $28 million to build and sell Tata-branded air cars in India. Tata has not confirmed if it will build one of the MDI prototype cars or, more likely, install the MDI technology in one of its existing cars like the light weight Nano (shown here). The Nano is Tata's $2,500 "scooter replacement" people's car that recently made headlines. While sought after in developing countries, this inexpensive car clearly won't meet federal emissions and safety requirements in the U.S. and other regulated markets around the world. Still, the addition of air power to an already inexpensive and efficient model would be quite appealing in the Indian market and others where fundamental transportation is in demand, and air pollution could be a serious challenge as exponentially greater numbers of vehicles make their way to the highway.
Further Development and Technical Assessment being carried out for the Tata Group
A major Agreement has been in place since 2007 with Tata Motors in respect of Manufacturing Licenses in India. Since then, MDI has been working in close cooperation with the Tata Motors for the application of MDI Technology in India. In the rest of the world, MDI is continuing to set up MDI Concept Turnkey Factories.
Click Here To see the official press release regarding the contract in respect of the contract.
