Way back in January, rumors began swirling regarding a potential tie-up between Chrysler's GEM and India's Tata Motors. The rumored love-child was an electric version of the delivery truck known in India as the Tata Ace. Now, we have a potential price for the unit, and it sounds almost too good to be true. According to Auto Observer, the electric Ace could sell for as little as $5,000 and would meet all necessary safety regulations in the United States. We'd imagine that this vehicle would be classified as a NEV, which would limit it to twenty-five miles per hour and operation on streets with a speed limit of 35 miles per hour or less.

No details are available regarding what kind of batteries or range are available. We can see a small delivery vehicle which uses no gasoline going over rather well in dense urban areas. Sales possibilities exist in both the U.S. market as well as in India.

[Source: Auto Observer]