The Tata Nano changed the automotive industry three years ago when the minimalist machine debuted in India as the world’s cheapest car with a price of about $2,500.
Now, the manufacturer’s CEO believes the Nano could be sold in the United States within three years and would be the cheapest cars sold in the country.
“The U.S. is a very enticing market,” said Ratan Tata, CEO of India’s Tata Group in an recent interview with Automotive News. “We hope that the sub-$10,000 car has appeal.”The current Nano is a four-seater with a 32 horsepower and 624-cc, 2-cylinder engine mounted in the rear.
It’s estimated the Nano will cost about $8,000 in the U.S. The Nissan Versa is currently the cheapest new car in the U.S and retails for $11,750.
The new version of the Nano will also come with a bigger engine and “more bells and whistles”, according to reports.
Tata first discussed distribution of the Nano in the United States in 2011.
“We also recognize there is a market (for the Nano) not only in developing countries, but possibly in the developed countries,” said Tata and as reported on Reuters.com. “For the United States we need a car which has a larger engine and we need additional crash test modifications and we are in the process of doing it.”