Well don’t expect to find car lots in India overflowing with the upcoming Tata Nano. The Tata, best known for being what will be the world’s cheapest car, has already sold 203,000 fully paid booking forms. The most impressive part is that all of those were sold between April 9 and 25.

Since Tata will only be able to only initially produce 100,000 Nanos they are holding a computerized lottery to see who the first 100,000 people to get a Nano will be.

With the base cost of a Tata Nano running at around $2,000 Tata has already brought in $512.6 million dollars USD. The most basic model though has only accounted for about 20 percent of bookings with the higher-end and more “costly” Nanos accounting for the lions share of sales.

And savings with the Nano don’t stop at the price tag. The Nano’s little 2-cylinder engine boasts 56 mpg and from a carbon dioxide perspective it does very well with a rating of 101 gm/km.

Unfortunately, the environmental status of the Nano isn’t all good news. With it’s ultra-low price tag people will be trading in their scooters, motorbikes and even bicycles for this little car. While it doesn’t burn much compared to a typical gas-powered vehicle, it’s definitely a lot more than a ten-speed bike.

The Tata Nano will start being delivered in July. Once their get their newest plant up and running they will be able to produce up to 300,000 Nanos per year.