From Wikipedia.org
The Tata Nano is a city car launched by India's Tata Motors at the 9th annual Auto Expo on January 10, 2008 at Pragati Maidan in New Delhi, India. Called the people’s car in Tata's promotional material, it is projected to be the least expensive production car in the world. The standard version of the Nano is projected to cost Rs 100,000 (not including levies or delivery charges) (US$2500, GBP 1277, €1700), It may happen that Nano may not remain the cheapest car for long, if a competitor green-car called Tara Tiny EV is launched in India with a price tag of Rs. 99,999, 1 rupee less than the price of Nano. Because of its target price, the Nano is sometimes referred to as "one lakh car" (after the Indian numbering term, meaning '100,000'). The car's formal name derives from the extremely small unit of measure, the nanometre.
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