Tata Motors Will Release Tata Nano In India

The Tata Nano will be sold in India for around $1,987.68 USD/ Rs.100,000. The Tata Nano will allow millions in India’s emerging middle classes to buy a car for the first time.

Tata Motors  unveiled the car in January of 2008. Production is expected to start in 2010.

Analysts estimate that there will be as many as 500,000 applications for Nanos when the company begins to take bookings for “the people’s car” in India next month.

 The Tata Nano will go about 65 MPH and will get around 50 MPG. It can comfortably seat four persons.

Tata Motors Limited is India’s largest automobile company, with revenues of Rs. 35651.48 crores (USD 8.8 billion) in 2007-08.

Established in 1945, Tata Motors’ presence indeed cuts across the length and breadth of India. Over 4 million Tata vehicles ply on Indian roads, since the first rolled out in 1954.

The aluminium shell of Tata Nano contains a rear-mounted 33bhp two-cylinder petrol engine and weighs about half a tonne. The standard version comes with the vital features: brakes, a four-gear manual transmission, seatbelts, locking, wind-down windows and a steering wheel. A small boot could store a duffel bag. It lacks a passenger-side mirror and has one windscreen wiper. The deluxe version will have air-conditioning while extras such as a radio and an airbag could be added.

Tata  is working on a version of the Nano, claimed to be the world’s cheapest car, for the US market and aims to bring the automobile to Europe by 2011, Rata Tata, the chairman of the Indian conglomerate, said today.

Will the world’s cheapest car  take America by storm? Detroit should be taking notes on this one…