Tata Nano, the world's cheapest car

NANO, the world's cheapest car is to hit India's streets in July 2009. The car will retail for just over $2,000 and can be yours, if you live in India and are very lucky, by July, Tata Motors said Monday.

The car, aptly called the people's car was to be on the roads just for Indian Rs.100,000 as planned by Ratan Tata. But the manufacturing schedule of the car was delayed due to the problems Tata Motors' Nano Car Plant in West Bengal faced in 2008, because of which the plant had to be closed down and relocated outside West Bengal. Though tagged at Rs.100,000, it could cost Rs.130,000 for the standard version when it is on the road. Read the initial hiccups NANO faced because of the problems in its plant.