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Meet the world’s least expensive car, the Nano.

The car costs only $2,500, gets 50 miles per gallon and is supposed to bring the gift of rapid transportation to the world’s poor. It also looks a lot like Biggs’ car, which we often tease him about.

Made in India, the manual transmission Nano, created and designed by Tata, has a 33 horsepower, two-cyinder engine and enough room to hold four people. It’s the product of five years of R&D, with designers from all over the world (but primarily from India) chipping in. In total, more than 500 people worked on it.

Tata plans to introduce to other lower income areas like South America and Africa within the next four years.

Tata Nano, world’s cheapest new car, is unveiled in India [The Times via Drudge]