Friday, July 17, 2009

THE world's cheapest car, the Tata Nano, hit the streets today

The first customer was handed the keys to the vehicle its makers hope will transform travel for millions of Indians.

The head of Tata Motors, Ratan Tata, delivered the car in person at a central Mumbai dealership. No details were immediately available about the recipient or the type of Nano being delivered.
But analysts said the delivery was a positive step. If follows a land dispute which forced the company to produce the cars in eastern India, delaying its production.

The standard model sells for 140,000 rupees ($3595) including tax in the showroom. The deluxe models cost up to 185,000 rupees ($4750).

Tata Motors' Pantnagar factory in northern India can produce up to 50,000 Nanos every year

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