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February 15, 2008 |
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TATA MOTORS: Plans to Bring Hybrid Nano to Europe in Four Years Tata Motors Ltd plans to bring to Europe, in four years, a new version of its INR1-lakh car Tata Nano, currently the world's cheapest car. Girish Wagh, head of Tata Motors' compact car projects, reportedly told the Focus magazine that the company will develop a successor model in four years time, which will meet the Euro 5 emission regulations and the crash standards in Europe. Reports did not say how much the European version will cost. On Jan. 10, Tata Group Chairman Ratan N. Tata unveiled in New Delhi the four-door Tata Nano, which seats four persons and measures 3.1 meters in length, 1.5 meters in width and stands 1.6 meters. The standard version, however, has no radio, no passenger-side mirror, no air conditioning and only one windshield wiper. Tata NANO will be sold in India later this year and will be available in standard and deluxe versions. Tata previously said that it will focus on India for two to three years before considering exports of the Nano. India's largest automobile company, Tata Motors Limited -- http://www.tatamotors.com/ -- is mainly engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company's operating segments consists of Automotive and Others. In addition to its automotive products, it offers construction equipment, engineering solutions and software operations. Tata Motors has operations in Russia and the United Kingdom. * * * As reported in the TCR-Europe on Jan. 8, 2008, Moody's Investors Service placed the Ba1 Corporate Family Rating of Tata Motors Ltd on review for possible downgrade. |
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