Tata to increase Nano output by 20%

Tata Nano

Tata Motors is planning to increase production of its Nano minicar, a senior official told reporters Monday.

“In the last three months, we have been averaging about 2,500 Nano’s per month,” said Rajiv Dube, head of the company’s passenger car business. “We are gearing up for a higher number and we are ramping up our production capacity by 20 percent from this month.”

He said that after the increase, sales will be more than 3,000 units per month. Pricing for the Tata Nano starts at $1,983 at current exchange rates. There are rumors of the Nano coming to the United States by late 2011.

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– By: Stephen Calogera

Source: Reuters