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TATA Motors to finalize overseas production site for Nano soon

TATA Motors is at a very high stage in finalizing a production site for its small car Nano at an overseas location which could be either in Latin America, South East Asia or Africa .

A senior TATA group official said that the automobile major was exploring various options at different places and looking at uninterrupted supply chain for the components.

Mr Kishor A Chaukar TATA Industries MD told PTI that "The work is at a very high stage." TATA Industries is one of the investment arms of the TATA Group.

He said TATA Motors is looking at various regions such as Latin America, South East Asia and Africa . "They are looking at any of these possibilities."

Mr Chaukar said that "They are looking at the best options in terms of country locations or a geographic location."

He added that apart from considering land building facilities availability TATA Motors will look at supply chain availability and at the accessibilities of markets.

Mr Chaukar said that "most importantly they will also be looking at the supply chain because component usage in a single automobile runs into thousands and if you go in a large production, supply of these components of desired quality has to be highly reliable."

Nano touted as the world's cheapest car is now produced only at Sanand in Gujarat for the Indian market.

In 2009 TATA Motors unveiled the European version of Nano -- Nano Europa at the 79th Geneva Motor Show. The company was expected to launch the car in Europe by 2011. The version in Europe is said to have airbags, central locking and would be Euro V emission norms compliant. Although TATA Motors did not reveal any price tag for the Nano Europa, British media had predicted a price of over USD 6,000. The Indian edition of the car hit the roads in 2009 for about USD 2,500.

(Sourced from ET)

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