The chief of Nissan has announced plans to produce a small car for sale in India. It will cost less than any other car sold in the world. It should be available in 2011.

The car will be manufactured by Bajaj Auto in India. It will compete with with Tata Motors, Nano, which sells for as little as $2,500.00 and started selling this year. The Nano is a hatch back that can seat up to five people.

General Motors and Toyota have announced that they also intend to sell a low cost car in India.