Tata Nano The 1 Lakh Car that might change the world

Tata has done India proud by keeping its promise of coming out with Rs 1 lakh($2500) car which is the lowest priced car in the world.Nano, the world's cheapest car was unveiled at the 9^th Auto Expo in New Delhi and costs almost half of the cheapest car currently available anywhere in the world. This has prompted global companies like Nissan to combine with Bajaj Auto to go for a $3000 car and has also made other global majors like Ford to worry over their plans for a small car.
Specifications: The car will have a 624-cc petrol engine generating 33 bhp of power. It willsport a 30-litre fuel tank and 4-speed manual gearshift. The car will come with air conditioning, but will have no power steering. It will have front disk and rear drum brakes. The company claims mileage of 23 km per litre.The car's dashboard features just a speedometer, fuel gauge, and oil light. The car does not have reclining seats or radio. The shock absorbers are basic.
Tata informed that the car is 8 per cent smaller bumper to bumper, than the Maruti800 but at the same time 21 per cent larger in its interiors and can sit up to four people.Dispelling myths that the car was not safe enough Tata said, 'The car has passed the full-frontal crash and the side impact crash''.Its petrol engine meets Bharat Stage-III emission norms and can also meet the Euro 4 norms.
Nano is expected to be commercially launched in the second half of 2008.Tata Motors plan to sell 500,000 cars in India almost 4 times number of Indicas it sells. If commercially successful, the Tata Nano can alter the passenger car market in India, and perhaps the world, beyond description. via Businessweek and Rediff