Tata Motors have claimed it to be the world’s cheapest car. With a price of Rs 100,000 the standard version of the Nano costs just a little bit more than a decent motorbike.
Classified as being part of the new breed of 21st century cars the Nano symbolizes the new age philosophy of smaller, lighter and cheaper cars. The project was initiated in the year 2003 to construct a small sized car in the range of one hundred thousand rupees. This was done after considering the fact that India had a considerable number of families that were being forced to drive around on two wheelers due to the lack of finance for a four wheeler.
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