If the maker of the world’s cheapest car does move ahead with plans to sell it here in the U.S., the sticker price won’t be the $2,000 figure that the car retails for in its home market of India.
Instead, says Tata Motors chairman, Ratan Tata, the Nano city car would likely range between $7,000 and $8,000. Tata made the comments recently at an event held at Cornell University, where he is an alumnus.
The reason for the higher price, says Tata, is that the car, “…will still be, in comparative terms, a car that the U.S. would accept.” In other words, it will have far more equipment than the base $2,000 Nano, which doesn’t even come with heat or air conditioning.
Previously, Tata had said the company would have the Nano on sale in the U.S. by 2012.