Tata’s Nano: Will you buy and use the world’s cheapest car?

India’s Nano Car was intended to be used as a fuel-efficient, safer alternative to the motorcycles used by millions of Indians. Nano Cars was first conceived by Tata Motors Ltd. (India’s largest automobile company) in 2003. The 3 meter-long car is expected to cost about $1,980 for dealers, which doesn’t include the markup and other charges that will be paid by consumers. At a price of 100,000 rupees or about $2,000, the Nano is the cheapest mass-produced car in the world. The Nano minicar has a maximum speed of only 107 kilometers an hour and puff gasoline mileage of 23.6 kilometers a liter. Read more