A top Tata Motors official on Wednesday said the automaker would launch its cheap ‘1 lakh/$US2,500’ Nano car on schedule by October.
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“We are maintaining the schedule of [a] launch in the second half of next [April to March financial year],” managing director Ravi Kant told Reuters, after surveying construction work at its new unit about 25 miles (40km) from the eastern city of Kolkata in West Bengal.
Tata Motors unveiled the $2,500 Nano, the world’s cheapest car, in January and said the new four-seater would roll out later in the year from its West Bengal factory, the news agency reported.
“Plant equipment will arrive shortly,” Kant said.
Reuters noted that Tata had said it initially would produce about 250,000 Nanos and expects eventual annual demand of 1m units.
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By GlobalDataTata people’s car breaks cover
