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”.
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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.
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