Tata Group is planning to produce hybrid versions of its Nano, billed as the world's cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.
The Maeil Business Newspaper on Monday quoted Ratan Tata, chairman of the Tata Group, as saying in Mumbai that low-priced goods would create stronger demand than high-end products in
The chairman did not elaborate on the possible launch of cheap hybrid versions.
The Nano, at about $2,000 per unit, was first delivered in
The 71-year-old chairman said he was considering exporting Tata Motors' light truck, Ace, to
For new growth businesses, he picked biotechnology and bioengineering, saying Tata was looking for ways to enter the nutrient-enriched food market.
He added the group was interested in
The Indian conglomerate is also studying investments in automobiles, software and hotel businesses as well as bio fuel in South American markets such as
Monday, November 30, 2009
Tata says plans Nano hybrid cars
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