The Nano is the cheapest car in the world. This latest development of Tata Motors is a technological invention, which comes in a compact package and gives you a mileage of 50 miles per gallon. The company has the plan to sell the car for only $2,500. The production has already begun in the plant in Gujrat, India. The car comfortably accommodates 4 to 5 people with a little bit of space in the boot.

This is dream project for Tata and due to the low price of the car; it is often referred as the people’s car. This car is bound to create history in the automobile industry. The plan for exporting this car is almost fixed. The automotive consultant Fionna Prims opined that this car will put India in the global map. An Indian company achieved within four years what the Japanese have tried for more than thirty years. It is a dream project for Ratan Tata, the head of Tata Motors. Nano is already attracting the attention of various foreign investors.

In spite of the low cost, the safety measure and the Euro pollution norms is not compromised at any cost. The car was officially launched at the 2008 Auto Expo at New Delhi, India. There is a high expectation for this car as Tata has already been dominating the market of buses and trucks in India.