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Archive for March, 2009

The World’s Cheapest Car… by Tata Motors

Posted by carsdiva on March 24, 2009

The world’s cheapest car, measuring at a mere 10.2 feet in length, goes on sale next month in India. (And I thought the Smart car was small… geez.) Manufactured by Tata Motors, the Nano will retail for just over $2,000.00, making new car shopping affordable to a whole new demographic in India.

Tata Motors Nano will launch April 2009

Tata Motors Nano will launch April 2009

Safety fanatics beware– the Nano is not equipped with air bags nor anti-lock breaks. However, for an added cost, you can get AC, a radio and power steering. Boasting a whopping 55.5 miles to the gallon, (and don’t be fooled by its size), it can reach speeds of up to 65mph.

Given the current economic state, this vehicle couldn’t debut at a better time. Ratan Tata, chairman of the Tata group, reported that although the U.S. market wasn’t originally part of their plan about a year ago, it’s now looking promising. That being said, Tata is designing a version that would meet U.S. safety and emission standards, that won’t be ready for about another three years, while a Nano Europa is scheduled to launch in 2011.

Like many others, Tata Motors was hit hard by the financial crisis and hopes to turn things around with the Nano’s launch April 1st. However, although they’re expecting the demand of the Nano to exceed their supply, analysts say that this will only increase their total revenues by a few percent.

The World's Cheapest Car

 

 

Hmm… I, on the other hand, think I’ll still stick to a Ferrari….

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