You are here: Home » Companies » News
Business Standard

Brazil wants Tata Motors to take Nano to its market

Press Trust of India  |  New Delhi 

Brazil today expressed interest in taking the world's cheapest car - Tata Nano - to the South American nation.

Governor of Minas Gerais, the second most populous state of Brazil, Antonio Augusto Anastasia, who is here on 8-day visit to India, said he recently met Ratan Tata in Mumbai.

"We would very much like to take Tata Nano to Brazil," he said at a CII event.

Tata Motors started exports of completely built units (CBU) of Nano to Sri Lanka and Nepal earlier this year, and is considering the option of assembling the car abroad, through the completely knocked down units (CKD) route.

Anastasia also sought Indian investments in sectors like energy, automobiles, aeronautics and IT to strengthen the bilateral commerce between the two countries.

"Brazil and India already have good relationships. We want to strengthen them lot more. We invite big corporates to invest there," he said here at a function.

He also said that Indian corporates such as Infosys must expand their presence in Brazil. The bilateral trade between the countries stood at $7.51 billion in 2010-11.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 14 2011. 16:12 IST