Thursday, January 10, 2008

You wanna See my Tata?

NEW DELHI (Reuters) - India's Tata Motors Ltd unveiled the world's cheapest car on Thursday, bringing car ownership closer to millions of consumers in emerging markets.

The 4-seater Nano, with an engine around 625 cc, will have a dealer price of 100,000 rupees ($2,500), and will go on sale later this year. Taxes and profit margins (Whut?) will push up the price to drivers, but it will still cost about half the cheapest car on today's market,
a 25-year old model from rival Maruti Suzuki.

Tires, steering wheels sold separately.

Nota Tata

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