Tatas, Fiat to launch Nano in Latin America

The Tata group chairman Ratan Tata [ Images ] in an interview to Italian newspaper La Stampa said both Tata Motors [ Get Quote ] and Fiat are discussing plans to bring Nano into Latin America.

Ratan Tata, who is also an independent director at Fiat, said the two companies are also talking about many things, including plans for Iveco, Ferrari [ Images ] and Maserati.

The Nano -- touted as the world's cheapest car -- hit the Indian roads last week. The car, which was commercially launched on March 23 this year, has received 2.06 lakh bookings.

Tata Motors has already selected over 1.55 lakh customers for delivering the car. In India [ Images ], Tata Motors and Fiat have a 50:50 joint venture Fiat Automobiles India Ltd, which manufactures engines, among others.

According to Ratan Tata, Nano passed the crash test for European safety standards last Friday. Nano is expected to be launched in Europe in 2011.