TATA Motors to build electric and hybrid cars on Nano platform

My Iris reported that TATA Motors has plans to use its Nano platform to build electric and hybrid cars and to produce more high end models.

TATA Group said TATA Motors should target exports of the car in the developing countries like Brazil, China, Indonesia and Russia where the growth rate is over 10%.

The introduction of Nano was compared to that of the Ford Model T, the car that completely revolutionized the automobile industry. Nano is also expected to create a new distinct category in the auto industry – the People’s car.

A true Indian car, Nano has 97% local content. Before Nano, Maruti 800 was the cheapest car in the Indian market priced at around INR 2 million.