While many around the globe have their eyes fixated on the events going down in Las Vegas this week, the 9th Auto Expo in New Delhi, India is managing to steal at least a hint of the limelight. Announced today, Tata Motors' $2,500 "1-Lakh" car will actually see production in India later this year, and it has affectionately been dubbed the NANO. For those not keen on such a title, it can also be recognized as "The People's Car," but it seems "The Person's Car" may have been more appropriate. Nevertheless, this little bundle of automotive joy will feature an all-aluminum, two-cylinder engine that can deliver around 54 US miles per gallon, and while stripped down would be a gross understatement, it does promise to "exceed current regulatory (read: safety) requirements." Hit the read link for Tata's official release along with a plethora of photos.

[Image courtesy of Manan Vatsyayana/Raveendran for Getty]