India, Cars | featured news

Several of India's car makers reported a drop or a modest increase in sales for December, despite year-end discounts and the recent introduction of new models.

When the Tata Nano - known as the world's cheapest car - zipped out of factories in 2009, it was praised as an example of Indian innovation in cost-cutting. It quickly became a cult hit, with its own Facebook travelogue journal and fast-selling counterculture T-shirts.

More than 203,000 people have bought the ultra-cheap Nano car in India yielding sales of 25 billion rupees ($512.6 million), ...

The tiny Nano car, being sold at a base price of $2,200, already has 1 million applicants for the 60,000 expected to roll out this year.