Tata Motors Nano could enter Europe in 2-3 yrs-CEO

FRANKFURT, March 5 (Reuters) – India’s Tata Motors (TAMO.BO: Quote, Profile, Research)
could bring its small car Nano, touted as the world’s cheapest
car, to the European market as early as 2013, although a final
decision has not been made, its chief executive told a paper.
Asked whether the Nano would be made available in Europe,
Carl-Peter Forster told German newspaper Frankfurter Rundschau
in an interview published on Saturday: “We don’t know yet. But
it will certainly take two to three years.”

Sales of the Nano — costing slightly more than $2,000
apiece — doubled in February to 8,262 units.

Tata Motors, part of India’s salt-to-software Tata
conglomerate whose range includes utility vehicles, cars and the
ultra-cheap Nano, posted December-quarter net profit of 24.24
billion rupees ($857 million), compared with 6.5 billion a year
earlier. [ID:nSGE71D00L]

(Reporting by Christoph Steitz; editing by Keiron Henderson)