Tata Motors could bring its Nano small budget car to European market as early as 2013, although a final decision has not yet been made.
Chief executive Carl-Peter Forster told the Frankfurter Rundschau newspaper that introducing the Nano, which costs just over US$2,000 in its home market, to Europe would “certainly take two to three years”.
Following brisk sales at launch, Nano sales faltered last year over quality concerns and instances of fires. Tata has addressed these issues and has been offering customers a number of incentives in India including extended warranties and cheap finance deals.
As a result sales doubled in February to 8,262 units compared to the previous month.
Tata Motors, part of India’s salt-to-software conglomerate, posted December-quarter net profit of INR24.2bn (US$857m), compared with INR6.5bn a year earlier.
