"We recognise there is a market for the Nano in developing countries. We also recognise there is a market for a low-priced car in the developed world," Tata said after unveiling four low, mid- and high-end vehicles on the opening day of Auto Expo 2010.
"For the US, the car would need a larger engine and additional crash tests. I can't indicate how long this will take but it could be three years," he said, adding: "We are also attempting to bring out an electric Nano."
During the half-hour press conference, Tata touched on issues ranging from the future price of Nano, plans for Jaguar-Land Rover (JLR), to whether his company intended to drive three-wheelers out of the market with the launch of its Magic Iris "people mover".
He also dwelt on the future of the land Tata Motors owns in Singur in West Bengal, where the Nano was originally planned to be produced, to his own retirement plans, though he was a bit cagey on the last issue.
"We have committed to delivering the first 100,000 Nanos at the old price (Rs 100,000). You must remember commodity prices are going up. It is a question of whether it is in free form or it is moderate. We'll have to see all this before commenting," Tata said.
Asked when he thought the loss-making JLR brand that the company acquired 18 months ago would be turned around, he replied: "No one makes acquisitions on a short-term basis. Ours is not a short-term investment. It's not something to add to our egos."
Tata said acquisitions were made if targeted companies were strategically important and value was added to one's product, and added: "The integration of the two companies will give them an opportunity to make their destinies. We want to rekindle Jaguar's roots."
He also guffawed when asked whether his company intended to drive three-wheelers out of the market with the Magic Iris, which, for all practical purposes, is a three-wheeler on four wheels. "Do I want to eliminate something that belongs to the Jurrasic age? We are only providing a safe people-mover on four wheels," he maintained.
On the Singur land, Tata said there had been no discussions on this with the West Bengal government ever since an agitation by Trinamool Congress leader Mamata Banerjee, now the railway minister, had forced the company to relocate its Nano plant to Gujarat.
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