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Wednesday, 27 July 2011

TATA NANO: THE WORLD'S CHEAPEST CAR


Ratan Tata, chairman of Tata Motors, displaying the Nano in New Delhi on Thursday.


Tata Motors today took the covers off the world’s cheapest car — the Nano.


Over the past year, Tata has been building hype for a car that would cost a mere 100,000 rupees (roughly $2,500) and bring automotive transportation to the mainstream Indian population. It has been nicknamed the “People’s Car.” Over the course of the New Delhi Auto Expo, which began this week, anticipation had grown to fever pitch.

With the theme from “2001: A Space Odyssey” playing, Ratan Tata, chairman of Tata Motors drove the small white bubble car onto Tata’s show stage, where it joined two others.

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BUSINESS
Tata Nano: World's Cheapest Car
Tata Motors of India unveiled the Nano. Phil LeBeau of CNBC reports that the car's price tag is not all that is tiny.