Tata Motor�s �Ultra Low Cost� creation christened the �Nano� has become famous worldwide as the �cheapest car.� Costing a little more than a lakh INR (base model ex-factory) in India, the Nano indeed is the cheapest car out here. Tata Motors made use of the Detroit Auto Show as a platform to unveil the Nano in North America for the first time. There were rumors that the Americanized Nano would cost as little as $5,000. However, the Detroit News reported that according to a source within the company, the car would be priced at $8,000 which is approximately a whopping Rs 360,000, almost triple of the price prevalent here in India. The car is reported to hit the American streets in the next three years.
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