Indian automaker unveils cheapest car
(Agencies)
Updated: 2008-01-11 18:35
Tata Group's newly launched "Nano" car is shown in a photo released by the Tata group on January 10, 2008. India's Tata Motors Ltd unveiled the world's cheapest new car on Thursday, bringing car ownership closer for millions of poorer consumers in emerging markets but raising enviromental concerns. The 4-seater Nano, with an engine around 625cc, will have a dealer price of 100,000 rupees ($2,500), about half the cost of the cheapest car on today's market, a 25-year old model from Maruti Suzuki Ltd , Tata's great rival. [Agencies]
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