Automotive News was reporting Monday that Tata Motors will be bringing the Nano subcompact to the U.S.
Ratan Tata, chief of India’s Tata Group, said the world’s cheapest production car would be redesigned for the new market. There was no immediate word if the vehicle would hit Canadian streets.
Debuting in India three years ago, the Nano sold for roughly $2,500. Tata told the news outlet that target price for a U.S. version would sit somewhere under $10,000.
He went on to say that despite a target sales date of 2015, it was premature to discuss a distribution network.
Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the U.K., South Korea, Thailand, Spain and South Africa.
It also owns the Jaguar and Land Rover brands.