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Business

Tata to launch the world's cheapest car next month

Video by Angela YEOH

Latest update : 2009-03-25

Indian carmaker Tata Motors will release its awaited Nano, the world's cheapest car, on March 23. The sporty-looking four-door vehicule will sell at around 5,000 euros in Europe and 1,500 euros in India.

AFP - India's Tata Motors announced Thursday the snub-nosed Nano, billed as the world's cheapest car, will be launched next month.

"The much-awaited Tata Nano will be launched at a function in Mumbai on March 23," said Tata spokesman Debasis Ray.

"It will be a big day for the company," Ray told AFP, adding details about pricing and distribution would be announced at the launch.

The sporty-looking four-door Nano has drawn worldwide attention due to its planned price tag of just 100,000 rupees (2,000 dollars) for the basic model, which would make it the world's cheapest car.

The cars will be on display at Tata Motors dealerships from the first week of April. Bookings will start from the second week of April.

Tata Motors was making arrangements for the widest possible network to book the car -- "across the length and breadth of India," Ray said.

Date created : 2009-02-26

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