Car makers across the world have been manufacturing cheaper cars to woo more buyers.
India, a booming market for passenger cars, manufactures 4 of the world's cheapest cars.
The world's cheapest car, Tata Nano is rear-engined, a four-passenger city car from the Tata Motors family.
Though it was billed as the Rs 1 lakh car, the price has risen with the increase in material costs.
Around 8,707 units of the Nano were sold in March 2011.
Top speed:105 kmph
2-cylinder, 624 cc, 33 bhp
Multi point fuel injection petrol engine.
Length: 3100 mm
Height: 1600 mm
Width: 1500 mm