TATA Motors Ltd is open to Italy’s Fiat SpA helping to sell the low-cost Nano model overseas, chairman Ratan Tata said on Tuesday.
Tata, India’s third- largest car maker, plans to launch the Nano later this year, priced at about $ 2,500 (Rs 1 lakh). “We have held talks about the Nano being marketed in markets where Fiat already has a strong presence. I am open to consider a partnership,” Tata said.
Fiat has a joint venture with Tata to manufacture and distribute cars, engines and commercial vehicles. Tata also said the Tata group was in talks with Italian defence and aerospace company Finmeccanica SpA about supplying helicopter parts. 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.
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