According to research firm JD Power Nano the small car from the Tata Motors stable is poised to become the second best selling car in India after Maruti Suzuki's Alto.
Nano is slated to grab the number two spot in 2011 when Tata is expected to ramp up its production capacity.
The highest selling car in India currently is Maruti Alto selling 25,000 units monthly on an average.
The market for mini and sub-compact cars would be 9,97,000 in 2010 which is expected to grow to 30,14,000 units by 2017.
The closing price of Tata Motors on NSE was Rs.1073 today.
Equiwise recommended investing in TATA MOTORS on 04-Jun-2009 when the stock was at Rs.369. Time to invest in stocks like Reliance Tata Motors for a 5 - 10 year horizon
See our other posts on TATA MOTORS:
Tata Motors enters Fortune 500 list
Incredible Stocks of India: TATA MOTORS
