The Tata Nano exudes frugality, and when you're trying to build a capable vehicle for a paltry $2,500, that's not exactly unexpected. Unfortunately for the Indian automaker, the quickly rising cost of steel may thwart plans to hit the magic price-point. The price of steel has risen by 50 percent in less than a year, and even though the little Nano is only 1,300 lbs, when you're making an econobox on the mega-cheap, every penny counts. Like US automakers have done in the past, Tata is looking to
Tata Motors is expected become the winning bidder for Jaguar and Land Rover in the coming weeks. While the Indian automaker could soon be selling us expensive British luxury cars and SUVs, it's also hard at work developing the world's least expensive car. The cheap car under development is expected to sell for around 100,000 rupees or around $2,500 USD, and we've just learned it will be unveiled early next month at the Auto Expo in New Delhi.
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