Tata Nano, the world's cheapest car. Tata's itsy-bitsy Nano will no longer be produced.
The India Tata Nano car has been in the making for some time, but pre-orders are starting today with a MSRP of 100,000 rupees (under $2000 US). This officially makes it the cheapest car in the world. Doesn't look that bad. Looks better than a Yugo. It doesn't have AC, but it does get 50 MPG. The US might see it after 2011. European countries will get it in 2011.
Tata Motors built just one single Nano in June 2018. During the same month in 2017, Tata produced 275. Tata said the car “cannot continue beyond 2019.”
The Tata Nano entered the Indian market in 2008 priced from just 100,000 rupees, or about $1,500 US. The price increased over time, and according to Tata Motors' website, an entry-level Nano starts at 236,447 rupees today, or $3,435 based on current exchange rates.
The Nano was plagued with production issues, including poor safety and dismal crash test results. The cars were also known to catch fire, which, seems like a serious problem.