It should be obvious to most that a $2,500 car is destined to fail. But a $3,000 car... GENIUS! Not wanting to be upstaged (though, upstaged anyways), Bajaj has launched a prototype of what it calls the $3,000 people's car for the people that can afford another 0.25 lakh. The car is being designed through a partnership with Renault/Nissan and we'll therefore see a cheap version of this car from those automakers.

The only drawback is that this particular prototype might need another two years of development before it hits the street while its rival the Tata Nano will be clogging the streets of Delhi before the end of the year. [AutoInCar]