World’s Cheapest Car From India

The Tata Nano is a rear-engined, five-passenger city car built by Tata Motors, aimed primarily at the Indian market. It was first presented at the 9th annual Auto Expo on 10 January 2008, at Pragati Maidan in New Delhi, India.
Tata Motors will begin sales of the car in July 2009, as the company targets motorcycle buyers wanting to trade up to four wheels.
When launched in March 2009 the Nano was priced at 1,23,000 Rupees, cheaper than the Maruti 800, its main competitor and next cheapest Indian car priced at 1,84,641 Rupees. It also had an 8 percent smaller exterior size and a 23 percent larger interior space. Tata had sought to produce the least expensive production car in the world — aiming for a starting price of Rs.1,00,000 (approximately US$2,000 in March 2009).

Tata Motors commercially launched Nano on March 23, 2009, with bookings from April 9 to April 25.
In early 2008 the news magazine Newsweek identified the Nano as a part of a “new breed of 21st-century cars” that embody “a contrarian philosophy of smaller, lighter, cheaper” and portend a new era in inexpensive personal transportation — and potentially, “global gridlock”. The Wall Street Journal confirmed a global trend toward small cars, which includes the Nano.
The prefix “nano-” derives from the Greek root ‘nanos’, meaning dwarf. “Nano” also means “small” in Gujarati founders of the Tata Group.

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