- Jan 7, 2002
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The Tata Nano, known as the world's cheapest car, is about to undergo a price hike.Tata Motors is contacting customers on a waiting list for the car to tell them the car will be priced 3% to 4% higher than it's original asking price of 100,000 rupees, which is about $2,100 in today's foreign exchange rates, according to several reports in Indian newspapers.
Customers who have left deposits and are waiting for a car will still get the original price, the company said.
The car celebrated its one-year anniversary on Saturday. As the world's cheapest car, intended to replace motorcycles on Indian roads, there were hopes that it would be a big seller. But so far only 45,000 have been sold in a country with over 1 billion people.
Ford sells that many F-150s in a month.
Tata Motors says sales should go up this year, since it has recently opened another plant and will be able to satisfy orders more easily.

Tato Nano Europa - Click above for a photo gallery
Americans may have the opportunity to welcome the Tata Nano to their shores in just over two years, according to a confirmation from David Good, a U.S. rep for the Indian automaker. Before it arrives, Tata assures that the ultra-cheap compact with a base price of just $2500 will be configured to meet all emission and crash standards. If successful, we could see see versions of the Indian microcars running on biofuel and diesel.
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