Tata Motors, India`s largest auto maker is likely to introduce its small car `Nano`- considered the world`s cheapest car in Nigeria within the next 18 months, ahead of its planned launch in Europe.
The car would be available for about NGN 360 for the base model, same as the price in the Indian markets.
The car carries a price tag of Rs 1.23 lakh to Rs 1.72 lakh (ex-showroom) in the Indian capital for three variants.
``Tata Motors will make the Nano available in Nigeria in the next one year to one and a half years``, said Sudeep Ray, a senior official of Tata Africa Nigeria.
Tata Africa Nigeria is a subsidiary of Tata Africa, the Indian auto major`s African venture.
Ray, however, declined to give details whether the `cheapest` car of the world be assembled in Nigeria or it would be sold as a completely-built-unit.
Shares of the company gained Rs 5, or 1.79%, to settle at Rs 285. The total volume of shares traded was 21 at the BSE (Friday).
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