Mumbai: Tata Motors Ltd domestic business head Karl Slym has said that the company would look to launch a next-generation version of its Nano, the world's cheapest car, for the US market in about three years, a news wire has reported.
"We want it to be global and obviously the US is a market that we would like to be in," Slym said.
Ratan Tata, chairman of the parent Tata Group, told the Automotive News that the Nano for the United States would have a bigger engine and more features, and sell for under USD 10,000.
In its home market, the Nano starts at around Rs. 1,41,898 (Ex-Showroom Price).
The Nano, hailed on its launch as the world's cheapest car, has not met early expectations. Tata has sold just 215,000 Nanos since its debut in July 2009, far fewer than the 20,000 a month initially targeted and has failed to convince millions of Indians that they should switch from their motorbikes to the car.
With Agency Inputs
First Published: Wednesday, October 17, 2012, 09:03