A new ultra-cheap Datsun model was unveiled Monday in New Delhi as part of parent company Nissan's push into emerging markets.
he car will be the first to carry the Datsun badge since Nissan (NSANF) mothballed the brand in the 1980s.
The new five-door hatchback is called the Datsun Go, and it will go on sale early next year in India. The car will be priced below 400,000 Indian rupees ($6,680 dollars).
While full details about the car's performance and technical specifications were not immediately available, the Go will with have a 1.2 liter engine and five-speed transmission.
The car is designed to compete against other low-cost options in developing markets, where growth for private transport is accelerating.
"We see significant opportunities in these growth markets, where demand for cars is increasing and will continue to do so," Nissan CEO Carlos Ghosn said Monday.
money.cnn.com/video/pf/2013/07/15/pf-ind...d-relaunch.cnnmoney/
