One of India’s largest passenger car maker Tata Motors is planning hybrid versions of its Nano, the world’s cheapest car, Ratan Tata, Chairman Tata Motors said in an interview to a South Korean newspaper.

The Maeil Business Newspaper on Monday quoted Ratan Tata as saying in Mumbai  that low priced goods would create stronger demand than high end products in India and the so-called low-price revolution would continue across the world.

Tata Motors sees the car industry’s future lying in economic friendly models the newspaper said.

source: autonews

Ratan Tata also said that Tata Motors were cosidering exporting the Ace light truck to the South Koren market or even assembling or manufacturing at their South African plant.

The report also mentioned that Tata group was evaluating investments  in automobiles, software, hotel business and bio-fuel in South American markets like Brazil and Argentina.