Tata Group is planning to produce hybrid versions of its Nano budget car line, according to chairman Ratan Tata.

He told South Korea's Maeil Business Newspaper that low-priced products would create stronger demand than high-end ones in India and this would be mirrored around the world. The car industry's would lie in economy models.

The chairman did not give a launch date for the Nano hybrid which sells from about US$2,000 plus tax in India in petrol-powered form.

Tata also said he was considering exporting the company's Ace light truck to South Korea and assembling or manufacturing the model in its plant there.

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