Tata’s Nano gets a Chinese Competitor

“China’s Geely to make a car cheaper than Tata’s Nano”

BEIJING: Chinese manufacturer Geely plans to unveil a budget city car which would cost less than the Indian-made Tata Nano.

The new Geely IG would sell for around $2,250 when it goes on sale in China in 2012. That compares to an asking price of between $2,700 and $3,800 for the Nano in India.

[…] Geely, which recently bought Swedish marque Volvo from Ford, says its new subcompact will also be built to a higher quality standard than the Nano.

The four-seat mini is likely to be powered by a one-litre petrol engine generating 70 horsepower and mated to a five-speed gearbox. […]

Source: The Economic Times, Mumbai, 19.05.2010

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