Car-maker Nissan will reportedly be relaunching it's Datsun car with a price tag of only $3,000 in 2014. But before getting excited, this offer is only good in selective developing countries such as India, Indonesia and Russia.

According to the Wall Street Journal, Nissan will be aiming for six Datsun models with a price tag ranging from $3,000 to $5,000. The competitive price is also down to the fact that parts for the cars will be sourced entirely from the country where the cars will be produced and sold.

The costs will also be low due to the fact that they will not go through the strict safety standards that are applied to cars sold in the United States or Europe.

Nissan chief executive Carlos Ghosn told WSJ: "If you go to the US, it's not going to end up being $3,000."

Brazilian-born Ghosn hopes the Datsun will generate excitement among buyers. . He described the future Datsun as being "modern and fresh" and said it would make buyers "feel good and is in their budget."

Relaunching the budget Datsun cars is Nissan's goal provide car ownerships in poorer countries.
The Datsun was first launched 30 years ago as an economy car with a classy design. It was popular in the United States during the oil crisis in the '70s. It was the second biggest selling foreign car brand in 1981. But after Datsun nameplate was replaced with Nissan by executives in Japan, the car giant declined, and that move was considered one of the worst marketing decisions in automotive history, according to WSJ.