Chinese car maker Geely is planning to grab the headlines as maker of the world’s cheapest car, when it launches a small hatchback based on the IG concept shown at Beijing.
Tipped to cost between £1500 and £2000, the IG would undercut the Tata Nano, which currently retails at the equivalent of £2500.
Geely, which recently bought Volvo from Ford, also claims that the IG, or Intelligent Geely, will be of better quality than the Nano.
Although the IG is 185mm longer than the Toyota iQ and sits on a 100mm longer wheelbase, it is billed as a 2+2, with very limited rear space.
The concept’s expensive gullwing doors are expected to be deleted in favour of a more conventional design.
There’s even a chance that an electric version of the IG will be sold in Europe and the US.