Photo (cc) by David Villarreal Fernández
MarketWatch names five products that are unbelievably well-priced, though not all are available in the U.S. yet. For instance, a $2,500 vehicle…
Launched in 2008 in India, the $2,500 four-door Tata Nano may be the cheapest car on the planet. The company plans to launch a more substantial model for the U.S. market in 2015 that will still cost less than $10,000. Though the Tata Nano factory had an initial capacity of 250,000 cars a year, the company sold just 74,500 cars in the 2011-12 fiscal year, up 6% from the year prior. At just 10 feet long and 5 feet wide, it had a reputation for being a poor man’s car, experts say. Plus, at that price, they say, a motorcycle is often preferred by those navigating the congested streets of Indian cities. “The launches of similar small cars by others vindicate our belief that this segment was missing in the product line,” Tata Group Chairman Ratan Tata wrote in the company’s latest annual report.
Check the link for other interesting cheap products.