Indian Tata Motors Unveils $2,500 or €1,700 Nano Minicar

The same Indian firm that is one step away from acquiring Jaguar and Land Rover (see here) is making headlines around the world today with the presentation of the long-awaited Nano minicar or as many call it, the one lakh car ($2,500 or €1,700). Tata itself describes it as the “people’s car”. The no-frills 5-door mini is powered by a rear-mounted, 33HP strong, 624cc, two-cylinder gasoline engine