India Tata: initial Nano demand to exceed supply

Thu Jul 24, 2008

MUMBAI,(Reuters) - India's Tata Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz), which plans to launch its ultra-cheap Nano model later this year, expects initial demand for the car to exceed supply, Chairman Ratan Tata said on Thursday.

Tata Motors plans to raise $1.7 billion from three rights issues to help fund its acquisition Jaguar and Land Rover luxury brands, completed earlier this year. Tata said the issues would not be delayed by market conditions.