Urban transport in India: the Nano effect
This paper describes the Nano and its development and provides an excellent discussion on the economics of owning and operating a Nano and as well as its impact on motorization in India. It also provides insights on the actual selling price of the Nano when it hits roads. The paper concludes that the Nano may not lead to a spurt in car ownership in India considering its real cost, including the cost of owning and operating it, and the income levels in the country.