Tara or Tata: World's cheapest car

Apparently Tata Nano doesn't hold the World's Cheapest Car status anymore. There is a new kid in the block, and it's electric. Thus, the issue of pollution on crowded Indian roads is moot, though the question of the transport infrastructure being able to support it remains.
 
Tara Tiny is here.
From the report:

The Tata Nano is no longer the world's cheapest car! Jostling along with Tata Nano, this July, will be Tara Tiny and Tara Titu. These are zero emission, electric cars and cost only Rs 99,000! And they come from the Tara International stable.

Although I haven't done the calculation myself, this seems very interesting:

"Now, people are driving fuel cars at an average of Rs 6 per km. One can drive our cars at 40 paise per km."

Specifications are here:

Specifications of Tara Tiny are as follows:

No of seats: 4

Net weight: 850 kg

Wheel base: 2150 mm

Maximum speed: 50 km/hour

Maximum grade ability: 15%

Motor power: 3 kw

Battery voltage: 6V*10

Recharge duration: 8 hours

Driving charge: 120 km

Ground clearance: 150/mm

Running cost: 40 p/km

Battery capacity: 200/Ah