Meet the Tata Nano. It costs 100,000 Rupees which is about equivalent to $1,980. It is suppose to be the hottest new thing in India. Ratan Tata, the chairman of Tata Motors says the company is planning for a European release in 2011 and there is a good chance the car could come to the US in the future.
I really don't believe that this car will be able to sell in America for $2000. With all the fees of importing a car and implementing American emmissions standards onto this car, the price will be jacked up a good amount. Not to mention:
Volkswagen, Toyota, Honda and Fiat are eyeing the segment, and the venture of Renault/Nissan with Bajaj is on track to launch a $2,500 car in 2011. [Reuters]
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