Online BusinessTatas, Fiat planning to introduce Nano in Latin America
Tatas is planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat.
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Tata Group Chairman Ratan Tata in an interview to Italian newspaper "La Stampa" said both Tata Motors and Fiat are discussing plans to bring Nano into Latin America.
Ratan Tata, who is also an independent director at Fiat, said the two companies are also talking about many things, including plans for Iveco, Ferrari and Maserati.
Nano — touted as the world"s cheapest car — hit the Indian roads last week. The car, which was commercially launched on March 23 this year, has received 2.06 lakh bookings.
Tata Motors has already selected over 1.55 lakh customers for delivering the car.
In India, Tata Motors and Fiat have a 50:50 joint venture Fiat Automobiles India, which manufactures engines, among others.
According to Ratan Tata, Nano passed the crash test for European safety standards last Friday. Nano is expected to be launched in Europe in 2011.