Financial Times FT.com

Tata sets Nano launch date

By Joe Leahy in Mumbai

Published: February 26 2009 18:59 | Last updated: February 26 2009 18:59

Tata Motors on Thursday set April as the launch date for the Nano, the world’s cheapest car, in a bold gamble that India’s largest automaker hopes will revive its plummeting sales.

The heavily indebted group said the mini-car, whose price would start at Rs100,000 ($1,948), would go on sale in April, ending months of delays after political strife at its original plant near Calcutta, eastern India, forced it to shift the factory.

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