World's Cheapest Car Nano Car Launched by Tata India

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Tata's Rs 1 lakh car unveiled today as "Tata Nano" - Infibeam.com - world's cheapest car on Thursday, bringing car ownership closer to millions of consumers in emerging markets. The 4-seater Nano Car, with an engine around 625 cc, will have a dealer price of 100,000 rupees ($2,500), and will go on sale later this year. Taxes and profit margins will push up the price to drivers, but it will still cost about half the cheapest car on today's market, a 25-year old model from rival Maruti Suzuki.

Mr. Ratan N. Tata, Chairman of the Tata Group and Tata Motors, today unveiled the Tata ‘NANO’, the People’s Car from Tata Motors that India and the world have been looking forward to. A development, which signifies a first for the global automobile industry, the People’s Car brings the comfort and safety of a car within the reach of thousands of families. The People’s Car will be launched in India later in 2008.

News Source : Infibeam.com - Automotive Portal

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