The on-road price of Nano including tax is only 2,500 U.S. dollars. The snub-nosed, 4-seater 623cc rear engine car is an idea and dream project of Ratan Tata, who seeks to place his car as a milestone in humanity's auto history like Fords Model T, Volkswagens Beetle and the British Motor Corps Mini.

Chairman of Tata Group, Ratan Tata speaks during the launch of the Tata Nano car in Mumbai March 23, 2009. The Nano, the world's cheapest car, will hit Indian roads in July, four months after its formal launch on Monday, and demand is expected to far outstrip supply as the price tag of around $2,000 draws legions of new buyers.(Xinhua/Reuters Photo)
Chairman of Tata Group, Ratan Tata speaks during the launch of the
Tata Nano car in Mumbai March 23, 2009. The Nano, the world's cheapest
car, will hit Indian roads in July, four months after its formal launch
on Monday, and demand is expected to far outstrip supply as the price
tag of around $2,000 draws legions of new buyers.(Xinhua/Reuters Photo)

Nano is also deemed as a lifeline for the Tata Motors, which was hard hit by a slowdown in demand for commercial vehicles. The company suffered loss in the fourth quarter of 2008, the first in seven years, and the success of the Nano would be crucial for the company.

Tata planned to produce cars in its Gujarat plant with an annual production of 50,000-60,000 units.

Tata is also set to sell the car in Europe from 2011.




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Editor:Yang Jie