Low-priced, tiny and 'reasonably reliable', Tata Motors' Nano cars are set to roam the streets of Bangladesh from early next year, the local distributor said on Monday.
"We plan to import up to 2,000 cars initially but the figure will be raised with increased demand in the country," said Abdul Matlub Ahmed, chairman of Nitol-Niloy Group.
The Nano, one of the smallest as well as the cheapest cars in the world, was likely to cost around 500,000 taka ($6,098) in Bangladesh, Ahmed said. But the final price would depend on the government's decision on customs duty.
Used cars from Japan are the most popular in Bangladesh for their high quality and reliability, but they don't come cheap.
Previously, Indian cars could not access the Bangladesh market, except for some "Ambassador" taxi cabs. The Ambassador is a brand produced by Hindustan Motors.
The Nano was scheduled to be launched in Bangladesh last October, but got delayed over the pricing issue.
Ahmed said his group was eager to set up a Nano assembly unit in Bangladesh by the end of next year, if the demand justified the step. Ahmed expected annual Nano sales in the country to reach 10,000 in the next couple of years.