Tata Motors — the leading candidate for the purchase of Ford ’s Jaguar and Land Rover brands — will unveil the world’s lowest priced car early next month at the Auto Expo in New Delhi. The car will bow on January 10th, with sales expected to follow sometime in mid to late 2008.
Tata is keeping fairly tight lipped about its new economy car, but it is expected to have a rear engine, rear-drive setup. The car will first be sold in the Indian market, and then will likely spread to other markets.
Tata claims the new “people’s car” will retail for $2,500 (100,000 rupees), but analysts think the price of production will bump the price to around $3,000.
Nissan is also considering building an inexpensive car — stickering for $3,000 — that could eventually make it to the U.S.
