Indian Company Announces A Car For The Masses… $2500
Tata Company Chairman Ratan Tata announces the newly launched Tata Nano at the 9th Auto Expo in New Delhi, India, Thursday, Jan. 10, 2008. India’s Tata Motors unveiled its much anticipated US$2,500 car, an ultracheap price tag that suddenly brings car ownership into the reach of tens of millions of people across the world.
With a snub nose and a sloping roof, the world’s cheapest car can fit five people if they squeeze. And the basic version is spare: there’s no radio, no passenger-side mirror and only one windshield wiper. If you want air conditioning to cope with India’s brutal summers, you need to get the deluxe version.