New Delhi, Aug. 13, 2011 (WAM)--India's automobile manufacturing major, Tata Motors, has announced an aggressive plan to roll-out the world's cheapest passenger car, Nano from three different locations around the world as early as next year.
Chairman of Tata Motors, Ratan Tata announced here at its share-holders annual general meeting here on Friday that in order to increase global penetration, the company is planning to establish assembly plants in Indonesia, Brazil and an East European Location. Besides Nano, the plants would also assemble Ace, which is being marketed in India both as a commercial pick-up and passenger transport vehicle. The company is looking to expand the orders for Nano car that has recorded erratic sales since it rolled-out at an average of 3,000 to 7,000 units per month touching a peak of 10,012 units in April this year. Nano, was unveiled in 2008 on the world automobile map as a four-seated passenger car for Rs. One Lakh (Dhs 7,700). Since its roll-out a year later, the total bookings crossed 1,00,000 units while it's plant in Sanand in Western Gujarat State with a capacity of 2,50,000 units remains under-utilized. The company started exports to Sri Lanka, Nepal and distribution centers in small towns in India to expand order books, and recently opened another round of domestic bookings. It is now offering the entry-level standard version model for Rs. 1.25 Lakh (Dhs 9,600) through easy finance options tie-ups with banks and its own motor finance company.Copyright Emirates News Agency (WAM) 2011.
