Details of the People's Car:
Ratan Tata, while unveiling the nano, said: "The car will meet all current safety norms and all emission criteria. The pollution it will cause will be lower than 2-wheelers."
The car, Tata said, is smaller than a Maruti [Get Quote], but has 21 per cent more volume or space inside than the 800. He said that the dealer price of the car will be Rs 10,000 lakh(~$2500) plus value-added tax (VAT) plus transport charges.
The car will have a 624-cc petrol engine generating 33 bhp of power. It will sport 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.