World’s Cheapest Car Is Launched

Posted By Ben Goulding, 19 July, 2009 | permalink

The world’s cheapest car is set to go on sale in India as the first customer receives the key to the vehicle, handed to him personally by the chairman of the car company.

Tata Nano. Image: Tata Motors

Tata Nano. Image: Tata Motors

The Tata Nano, created by Tata Motors costs only 123,360 rupees ($2,531), with upgrades such as air conditioning and cup holders available for up to $3,536 more. The Nano is set to revolutionize the transport industry in India.

From the 203,000 people who pre-ordered the Nano, 100,000 of them were selected from a ballot to be the first to get their hands on the car.

With an engine of just 624 cubic centimeters, it is smaller than those found in motorcycles and has been compared to the European Smart Car and the Volkswagen Beetle.

The vehicle is set to come to the U.S. in two years…Just in time for us to be out of the recession?

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