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It may be an Indian consumer's dream -- cheap cars for $2,500-$3,000 within reach of millions of a swelling middle class. But it could also prove to be a traffic and environmental disaster. Nissan Motor Co. and Renault SA announced last week they were studying a $3,000 car to compete in India against Tata Motors Ltd.'s planned low-cost "People's Car" targeted at around $2,500 to hit the market next year.
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