Tata Motors plans Nano's US launch in three years
New Delhi: Tata Group Chief Ratan Tata on Tuesday said the company will consider launching 'Nano' in the US in the next three years and is currently developing a bigger engine for the same.
"While we have a demand (for Nano in India) far exceeding our ability to supply, we recognise that there is a market not only in developing countries but also in developed countries," Tata told reporters at the 10th Auto Expo here.
Tata Motors is augmenting the production Nano, he added.
"We have plans to add new capacities to add to the production of Nano. Our intention is to maximise the production of Nano," Tata said.
Tata further added, "For the US, we need a car with larger engine, an additional crash test, we are doing that...the time could be about three years."
The company, last year, had showcased the European version of the Nano, the world's cheapest car, at the Geneva Motor Show and plans to launch the car in select international markets within the next two years.
Last year, Tata Motors had launched the Nano in India and selected about 1.55 lakh customers through a draw of lots for delivery in the first two phases.
Currently, the company produces the Rs 1-lakh wonder from its Pantnagar facility, which has a production capacity of 50,000 units per annum.
Tata Motors is constructing the mother plant for Nano at Sanand in Gujarat after being forced out of Singur in West Bengal following a violent protest led by Trinamool Congress leader Mamata Banerjee.
anand plant will have an initial capacity of 3.5 lakh units a year.
Commenting on its acquisition of Jaguar Land Rover (JLR), Tata said, "No one should make an acquisition on short-term basis. You acquire a company to live with it," Tata said.
When the company acquired JLR brands from the US car maker Ford, it was a difficult time, but "we got more than what we anticipated when we acquired this company," he said.
"It is not a short-term investment that we made to add to our egos, it has enormous capabilities," Tata added.
Tata Motors had acquired JLR in 2008 for USD 2.3 billion.