Price wars: Geely's IG set to undercut Tata Nano
Stand aside Tata, 'world's-cheapest' title to be challenged by ChinaThe Tata Nano shot to stardom back in 2008 when it clinched the illustrious title of World's Cheapest Car.
But with the rudimentary runabout's reputation taking a direct hit over serious safety concerns -- the bargain runabout recently involved in several fiery finales -- Chinese newcomer Geely is reportedly readying a cut-price challenger.
The Geely IG (Intelligent Geely), first seen sporting gullwing doors at the Beijing Motor Show, will offer seating for four, and is said to be of a higher build quality than its Indian-built adversary.
Although the stylish gullwing doors are unlikely to make production, it's almost a certainty that the subcompact simpleton will be powered by a super frugal (52kW) 1.0-litre petrol engine mated to a five-speed manual gearbox.
"The concept has had a very positive reaction, and with the car not launching until 2012 there is time for us to expand our network before then," said a Geely spokesperson.
To be priced from $2250, undercutting the Nano by $450, the Geely IG microcar could be ready for sale in developing markets such as China and India from as early as 2012.
What's more, Geely -- who recently purchased Volvo from Ford -- says newly acquired hybrid technology will feature in its pocket-sized IG, a hybrid variant expected by 2015.
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