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MUMBAI : Indian truck and car-maker Tata Motors is looking to launch an electric and other fuel efficient cars, its chairman Ratan Tata said at the company's annual general meeting on Thursday.
He also told shareholders his firm expects demand for its budget 'Nano' model - a jelly bean-shaped, no-frills car priced at 2,500 dollars - will outstrip supply when it is launched later this year.
Tata Motors announced in June it had completed its acquisition of Jaguar and Land Rover from ailing US carmaker Ford for 2.3 billion dollars in an all-cash transaction.
The purchase, part of Tata's bid to expand its reach beyond Asia, capped months of talks with Ford Motor Co., which is selling the brands to focus on turning around its North American operations after losing 15.3 billion dollars over the past two years. - AFP/de
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