Tata’s Nano, Ace to roll out of Brazil, Indonesia, East Europe by next year

Sunday, 14 August 2011 23:20 - - {{hitsCtrl.values.hits}}

Mumbai, World’s cheapest car Tata Motors’ Nano and the company’s popular light commercial vehicle (LCV) Ace are set to roll out from new factories around the world, as early as next year.

In order to increase global penetration, Tata Motors is planning to set up assembly operations in Indonesia and Brazil, apart from Eastern Europe, Ratan Tata, Tata Motors’ Chairman, told shareholders at the automaker’s annual general meeting (AGM) here on Friday.

“We are looking at assembly facility for passenger vehicles in South-East Asia (Indonesia) and some parts of Eastern Europe. We’re looking at how to maximise penetration for the Nano and the Ace,” he said “We’re also looking at Latin America (Brazil). We plan to grow both in India and in other countries.”

Carl-Peter Forster, Tata Motors’ Managing Director and Group Chief Executive Officer, told Business Line on the sidelines of the AGM that the company’s global assembly plans, starting with Indonesia, could begin “likely by next year.”

To counter the erratic domestic monthly sales performance of the Nano (between 3,000-7,000 units on average and peak of 10,012 units in April, 2011), the company has started exports, starting with Sri Lanka and Nepal.