After announcing the confirm date of Nano launch, Tata Motors is all set to unveil the European version of the Nano at the Geneva Motor Show.
According to industry sources, “The European version of the Tata Nano or the one lakh car will be more fuel efficient, better emission compliance with Euro-V norms and will be also technologically superior”.
In 2008, the car manufacturer had displayed the luxury version of the Nano at the Geneva Motor Show. This inspired many car manufacturers across the world to come up with the similar concept of low-cost cars.
The European version of the Nano is likely to cost over $6,000. The retail price of the car is speculated to be about 5,000 euro (4,400 pounds).
Tata Motors experienced a sales dip of nearly 19.1 per cent to 43,807 cars compared to 54,181 units in February 2008. The passenger car sales accounted a marginal year-on-year growth of 1.5 per cent. However, in February 2009, the company recorded high sales reporting 19,039 passenger sales which is 4 per cent higher than the January sales. With the launch of the Nano, the company is expected to gain more profit this year.