'World's cheapest car' coming to US
June 4, 2009
NEW YORK (Reuters) -- India's Tata Motors hopes to offer the Nano, dubbed the world's cheapest car, in the United States within two years, its chairman said.
"It will need to meet all emission and crash standards and so we hope in the next two years we will be offering such a vehicle in the U.S," Ratan Tata told a panel at the Cornell Global Forum on Sustainable Global Enterprise late Wednesday.
Tata Nano
The company plans to offer a European version of the car, which costs about $2,300, in 2011.
Tata got the idea to make a car that poor people could afford while thinking about the motorbike and scooter riders who maneuver through the streets of Indian cities with their children on board.
The four-seater car gets up to 65 miles per gallon. Cheap labor helps to keep the price down.
Tata said his company was also working to develop cars that run on fuels other than gasoline such as clean diesel, biofuels and batteries.
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