Shanghai, June 3 (Gasgoo.com) To mark the 2008 Jiangnan Alto's launch and the second-generation Alto's rolling off the line, Zotye Jiangnan has started the promotional sales of its Alto cars. From May 26 to June 30, any Alto buyer can get a 3,000 yuan ($432) discount on the 27,800 yuan 0.8L small car. Which means you can drive a new Alto car away after paying 24,800 yuan ($3,570) for it!
Hunan Jiangnan Auto was controlled by Zhejiang Zotye Auto in March 2007 and achieved its best ever sales last year. In May, Jiangnan Auto's assembly plant celebrated its brand new Jiangnan Alto cars coming off the line. In the first four months of 2008, the sales of Jiangnan Alto increased by 65% over its previously best ever sales record.
The price of 24,800 yuan has hit a new low record of China-made small car's prices and is set to rival Tata's small car Nano, the world's current cheapest car which now sells worldwide for $2,500. India's another carmaker Bajaj Auto has also joined hands with Renault-Nissan to launch a small car as cheap as the Tata Nano in by 2011.
Chinese carmaker Chery's cheapest QQ hatchback model is currently priced at 39,800 yuan. Before Tata Nano came out in January 2008, Chery QQ had been considered as the cheapest small car in the world.
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