Brazil wants Tata Motors to take Nano to its market
Brazil today expressed interest in taking the world's cheapest car - Tata Nano - to the South American nation. "We would very much like to take Tata Nano to Brazil," governor of Minas Gerais said at a CII event.autos Updated: Oct 14, 2011 15:01 IST
Brazil on Friday 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 in New Delhi 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 in 2011, 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.