Tata Motors Plans to Sell World’s Cheapest Car Nano Overseas
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Tata Motors Ltd., the Indian owner of Jaguar and Land Rover, plans to begin selling its $2,500 Nano hatchback car overseas, Chairman Ratan Tata said.
The company plans to sell the world’s cheapest car in countries in Africa, Latin America and members of the Association of Southeast Asian Nations, Ratan Tata said at the company’s annual general meeting today. Tata Motors spends on average 30 billion rupees ($641 million) a year on new products and plants, he said, responding to a shareholder question.