Now Nano has a Chinese rival

Chinese auto maker Geely has unveiled a city car that could be cheaper than the Tata Nano. This would make the Geely IG the world's cheapest car. The IG has four seats and could cost about ₹1,00,560 in China when it goes on sale in 2012.

The tiny IG has top hinged 'gullwing' style doors, just like the Mercedes SLS AMG supercar, but they will not make it to production cars. It will have a 1.0-litre, 70 bhp petrol engine linked to a five-speed automatic transmission. Geely is also rumoured to be coming out with an electric version in 2015.