Tata Takes Nano To High-Growth EMs As Competition Emerges

Indian carmaker Tata Motors is building on the domestic success of its Nano budget car with plans to target markets in Latin America, Africa and the Association of South East Asian Nations (ASEAN). BMI believes there is potential for the US$2,500 car in emerging markets with strong auto demand. We forecast average annual growth of 5% for the combined ASEAN states and 8-9% for Latin America over the next five

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