Tata Motors planning Nano hybrid: Ratan Tata

Seoul, Nov 30: Tata Group chairman Ratan Tata on Monday, Nov 30 said that the firm is planning to produce hybrid versions of its Nano to join in the environment-friendly trend.

"Low-priced goods would create stronger demand than high-end products in India, and the so-called low-price revolution would continue across the world," Ratan Tata was quoted by The Maeil Business Newspaper as saying.

The chairman did not elaborate on the possible launch of cheap hybrid versions.

The 71-year-old chairman said he was considering exporting Tata Motors' light truck, Ace, to South Korea, and also assembling or manufacturing the model in its South Korean plant.

He added, "The group was interested in Vietnam and evaluating the US market, in which it has yet to make active investments."

OneIndia News