Update1: Tata Motors' Nano likely to have on-road price of Rs115,000

Dhruv Tanwar
10 January 2008

New Delhi: The rear-wheel drive, all-aluminium, two-cylinder, 623cc, 33 PS, multi point fuel injection (MPFI) petrol engine Nano is expected to have an on road price of around Rs115,000, inclusive of VAT, transportation costs from the factory, individual registration and insurance.

To view the photo gallery of this vehicle, click here.

The car is 8 per cent smaller than the Maruti 800, its closest comparison, though it is 21 per cent roomier inside.

This is also the first time that a two-cylinder gasoline engine is being used in a car, with single balancer shaft.

That being just one of the host of innovations that have gone into the development of a car that has been the talk of the global auto industry for the past several months, the car already seems set to replicate the popularity and success of another product that bears the name 'Nano', a small, snazzy looking I-Pod that has endeared itself to the hearts, minds, and ears of millions across the globe.

Unveiled by Tata Group chairman, Ratan Tata, the Nano's launch was preceded by a walkthrough by Tata himself, on the journey that Tata Motors went through over the four years it spent developing the car from the concept stage.