Tata Motors is ready to unveil world’s cheapest car in the US market next week. The car is being readied for sale in the US market which will comply with its safety and emission norms making the car a bit pricier. The US version of Tata Nano will cost about $8000 which will meet all the US regulations for safety as well as CO2 emission.

The Nano, with a MH 04 ED 7015 licence plate, is on its maiden trip to the US and was unveiled at the Detroit Science Centre in Detroit on Friday. The car will be in the US market for one year where it will be showcased at the Tata Technologies North American headquarters in Novi, Michigan. This place is only a few miles away from the Detroit Auto Show where most of the auto makers are displaying their latest models at the event. The Nano would also be showcased at New York's Cooper Hewitt National Design Museum on February 18.

However, the price is completely speculative as the officials involved in the Tata Nano declined to put a figure for the price at which the car will be showcased in the US market. Ratan Tata, Chairman of Tata Group, indicated that the car will be ready to be sold in American market in next three years. At the price of $8000, the car will have enough competition from Toyota Yaris and Ford Focus which are extremely competitive brands in the American market.

However, what most companies are lauding about the Nano, is not the price but the innovativeness that has gone into making this car.