The worlds cheapest car, Tata Nano

February 28th, 2009 - 10:22 am ICT by Amrit Rashmisrisethi  

Tata NanoIndia’s manufactured vehicle, Tata Nano is subjected to be the world’s cheapest car and will be in the display showrooms from sale in April, announced by the Tata Motors.

Delayed for several months, four-door Nano, nicknamed “The People’s Car,” has attracted global attention because of its price tag of 100,000 rupees (slightly less than $2,000) for its base model.

Nano car will be officially launched at a function in Mumbai on March 21, said a spokesman for Tata Motors, India’s largest vehicle manufacturer and part of the larger Tata Group. The Nano will be distributed in dealerships during the first week of April, and reservations for purchase will begin one week later. Exact price and distribution details are pending for the much-touted vehicle originally scheduled for debut last October.

As reported Tata Motors have had it first quarterly loss in seven years.

Surprisingly, the Tata Motors became a talk of the global automotive world with its 2.3-billion-dollar purchase of British luxury brands Jaguar and Land Rover. But with the international economic downturn, the purchase has become a financial catastrophe.

According to Tata Motors representatives, full production of the Nano will take 1 1/2 years and only a limited supply of the vehicle will be available this spring. The Nano has also triggered competition among auto companies, including Nissan-Renault, to make low-cost cars in India.

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