Indian Automaker To Sell Inexpensive Nano Minicar

03.23.09 | FL News Team

flnn-nano - Nano Minicar

An Indian automaker is slated to start selling what is believed to be the least expensive car in the world. The Nano minicar from Tata Motors will go on sale Monday during a ceremony in Mumbai's Taj Mahal Palace and Tower Hotel, which was the site of a deadly terrorist attack in November.

Dubbed the "people's car," the Nano will sell for 100-thousand rupees, or about two-thousand U.S. dollars. Parent company Tata Sons unveiled the tiny vehicle 14 months ago as a way for poorer families in India to get around. It represents a stark change for the automaker, which is best known for producing more expensive cars.

To make the car as cheap as possible, there are trade-offs. The base model has no air conditioning, electric windows, or even airbags. However, the car can reach top speeds of around 60 miles per hour and gets almost 55 miles per gallon.

Last year Tata Motors purchased the Land Rover and Jaguar brands from Ford. Tata Sons Chairman Ratan Tata hopes the Nano minicar will be a viable alternative to the mopeds that have become so popular in most urban and rural parts of India.