While the Nano is primarily known as the world's cheapest car but as Tata motors has wafer thin margins on the same, the company is now planning to launch the deluxe version of the product that will not only have a bigger engine but will also look at offering various other modern features to the consumer.

It is to be mentioned here that the company displayed the product, tagged, Nano Europa at the Geneva Motor Show last year. It may be recalled here that the product also had features like ABS and air bags that will ensure a high safety quotient in the product.

It has been learned that there is possibility that Tata Motors may also look at launching the Nano Europa in the same in which it will be launched in the European markets.

Tata Motors' India operations MD PM Telang confirmed that the company may look at launching the Nano Europa in the Indian market as well. It may be noted here that the Nano is the world's cheapest car and has a lot of export potential as small cars are hot favourites in markets like Europe.