“The most-talked-about car at the Detroit auto show this year isn’t even present: Tata Motors Ltd.’s $2,500 Nano.
With the U.S. market coming off its slowest year in a decade, sales down in Japan and Western Europe stagnating, GM, Toyota Motor Corp. and other automakers are turning to emerging markets such as India and China, where sales are growing more than 10 percent a year.
For GM, Toyota and other automakers the Tata entry means “pressure to come down to that price and play in that field,” Bragman said. ” – Bloomberg
Related: Tata Nano Unveiled!