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Tata Nano In United States
Ratan Tata says, "We also recognise there is a market (for the Nano) not only in developing countries, but possibly in the developed countries."
Experts view is that United States needs a car with a larger engine. Tata's may need to invest for some additional crash test modifications. Tata's are already in the process of taking it up.
United States interest Tata's because it is the world's largest auto market.But researching the global financial crisis, it is quite possible for China to surpass US with 13 million vehicles sold in the Asian economic powerhouse this year.
The company may produce hybrid versions of the model and that Italy's Fiat and Tata Motors plan to sell the Nano jointly in Latin America.
Analysts concerns are that Tata Motors has overstretched itself by acquiring the Jaguar and Land Rover brands in 2008, just before the global financial crisis erupted.
Tata brushed aside the concerns, saying the auto industry had taken knocks, but the acquisition should be seen in the context of long-term value it brought to the group.
"No one makes or should make an acquisition based on short-term opportunistic objectives.
We believe the integration of the two companies and, for once, giving Jaguar and Land Rover an opportunity to make their own destinies would be a change that might hopefully bring Jaguar back to the kind of company it was," he added.
In recent past, Tata Motors, which has about 60 percent of India's truck and bus market, launched a 7-seater Multi-Purpose Vehicle named Tata Aria, an 8-seater Tata Venture and another vehicle named Magic IRIS at the show.
It also showcased the Jaguar XJ sedan for the first time in India.
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