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India's Tata unveils the world's cheapest car

NEW DELHI - India's Tata Motors unveiled the world's cheapest new car on Thursday, bringing car ownership closer for millions of poorer consumers in emerging markets but raising environmental concerns, according to Reuters.

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 Suzuk, Tata's main rival.

The Nano will go on sale later this year, the company said.

"Let me assure you and our critics the car we have designed will meet all safety norms and all foreign environmental criteria," Chairman Ratan Tata said as he proudly unveiled what had been dubbed the "People's Car" at the Auto Expo in New Delhi.

Posted by Peter C. T. Elsworth  at 10:45 AM to India | Permalink

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Posted by: Christian on January 11, 2008 9:54 AM

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