The world’s cheapest car Nano is getting the hybrid version, meeting the environment-friendly norms. According to its Chairman Ratan Tata there is more scope for low-priced goods than high –priced goods in India, the trend which is likely spread globally. The India’s biggest car maker Tata believes that the car industry would decide the future of economic-friendly models. However, no detailed picture could be got about the cheap hybrid versions. Nano spread the revolution at the price factor of $2000 and entered the roads in last July.
Mr.Tata briefed that his company has plans to export the light truck Ace to South Korea and also assembling and manufacturing the truck in South Korean plant. By promoting bio technology and bioengineering, he said the company wants to play on the nutrient-enriched food market. Tata is exploring its potential in Vietnam and the US markets before making any active participation. Simultaneously, the company is assessing the investment in automobiles, software and hotel lines along with bio fuel in South American belts like Brazil and Argentina.