The car arrives at a time when oil has topped $100 a barrel, the move to fuel-efficient "green" cars is gaining momentum, and a wave of nostalgia has spurred...See more »
The car arrives at a time when oil has topped $100 a barrel, the move to fuel-efficient "green" cars is gaining momentum, and a wave of nostalgia has spurred sales of brands such as BMW's Mini and the Fiat 500 Cinquecento.The car has a rear-mounted gasoline engine and travels 20km per litre, with a basic model and two deluxe variants and plans for diesel versions."The proof of the pudding will be in driving it, but visually it looks pretty good," said London-based auto analyst Ashvin Chotai, who was at Thursday's unveiling. "The pricing was a bit of a surprise. I thought it would be a bit higher."Tata said costs were kept low by cutting the "size of the package", which brought about a reduction in material. Innovative processes and systems, for which the firm has filed 33 patents, also helped. Tags: cheap cars, cheapest car, nano, nano the people car., tata nano, tatamotors, world s cheapest carSee less »
India's Tata Motors Ltd unveiled the world's cheapest new car on Thursday, bringing car ownership closer for millions of poorer consumers in emerging markets but raising enviromental concerns.The 4-seater Nano, with an engine around 625cc, will have a dealer price of 100,000 rupees ($2,500), about half the cost of the cheapest car on today's market, a 25-year old model from Maruti Suzuki Ltd, Tata's great rival.Posted by
tatanano22 at 9:01 PM on 2/27/08
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India's Tata Motors Ltd unveiled the world's cheapest new car on Thursday, bringing car ownership closer for millions of poorer consumers in emerging markets but raising enviromental concerns.The 4-seater Nano, with an engine around 625cc, will have a dealer price of 100,000 rupees ($2,500), about half the cost of the cheapest car on today's market, a 25-year old model from Maruti Suzuki Ltd, Tata's great rival.Posted by tatanano22 at 9:01 PM on 2/27/08