Tata Motors buses to be used for public transportation in India. The Nano was launched in 2009 as a city car intended to appeal as an affordable alternative to the section of the Indian populace that is primarily the owner of motorcycles and has not bought their first car. Initially priced at ₹100,000 (US$1,500), the vehicle attracted a lot of attention for its relatively low price. In 2018, Cyrus Mistry, Chair of the Tata Group, called the Tata Nano a failed project, with production ending in May 2018. Tata Ace, India's first indigenously developed sub-one-ton minitruck, was launched in May 2005. The
Gulf rupee government in 1959 as a replacement for the Indian rupee for circulation exclusively outside the country. At the time, the Indian rupee was pegged to the British pound at a rate of 13⅓ rupees = 1 pound. Two states, Kuwait and Bahrain, replaced the Gulf rupee with their own currencies (the Kuwaiti dinar and the Bahraini dinar) after gaining independence from Britain in 1961 and 1965, respectively. However, even today, in Bahrain, 100 fils (one tenth of a Bahraini dinar) are referred to in Arabic as a "rupee" or "rubiya" () in common parlance. On 6 June 1966, India devalued