Jul

23

Tata open to Fiat selling Nano

Filed Under Automobiles | Posted By Jennifer Sullivan |

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Ratan Tata said that Tata Motors Ltd is open to Italy’s Fiat Spa helping to sell the ultra-cheap Nano model overseas.

Tata, India’s third-biggest car maker, plans to launch the Nano later this year, priced at about USD 2,500.

He said, “We have held talks about the Nano being marketed in markets where Fiat has already a strong presence. I am open to consider a partnership,”

Fiat has a joint venture with Tata to manufacture and distribute cars, engines and commercial vehicles.

He said that the Tata group was in talks with Italian defence and aerospace company Finmeccanica SpA about supplying helicopter parts.

Fiat chairman Luca Cordero di Montezemolo said the company was in talks with Tata about making buses and trucks.

He said, “We’ll see if there are the conditions for us to go forward,”

The head of Fiat’s Iveco truck unit told an Italian newspaper in May he expected to resume talks with Tata on possible accords after the India partner completed its acquisition of Jaguar and Land Rover.

Montezemolo also said he was “very optimistic” about second-quarter results due to be released on Wednesday.



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