Indian automobile maker Tata Motors Ltd will rollout its ultra-cheap Nano car on schedule by October, a top official said on Wednesday.
“We are maintaining the schedule of car launch in the H2 of next fiscal,” Managing Director Ravi Kant told reporters, after surveying the construction work at its new unit about 40 kilometers from the eastern city of Kolkata in West Bengal. Tata Motors unveiled the $2,500 Nano, the world’s cheapest car, in January and said the new four-seater would roll out later in the year from its West Bengal factory. “Plant equipment will arrive shortly,” he said. Tata has said it will initially produce about 250,000 Nanos and expects eventual annual demand of one million units. The company's financial year runs from April to March. (Reuters)