In the market for a no-frills car under $10,000? Pack your bags. For that price, you've got to travel to emerging automotive markets like India and China.

The Tata Nano is the latest entrant into the cheap-car club. India-based Tata Motors (nyse: TTM - news - people ) says the Nano will roll out later this year. Price tag? About $2,500. The four-door car will be the world's cheapest car, besting India's current cheapest vehicle, the Suzuki Maruti 800, which sells for 195,000 rupees (about $4,994).

The Maruti is the cheapest in India for now ( 195,000 Rupees; $4,994). It costs only slightly more than the Chery QQ, which is produced in China by Chery Automotive and sells there for 34,499 yuan ($4,781). None of these vehicles are available in the United States; they are barred from entry in their current conditions, because, like the Nano, they don't meet U.S. safety and emissions standards.