Tata Motors to build lighter weight version of the Nano

India’s Tata Motors plans to develop an Ultra Low Cost Car that uses the same engine, suspension and steering mechanisms used by the Nano, but it will use a lighter weight, composite material, intended to reduce the car’s fuel consumption.
The new entry-level model is a brainchild of Marcello Gandini, a world renowned Italian automobile designer of iconic super cars like the Lamborghini Miura and Countach. The company has purchased the exclusive rights of the technology and design from Gandini. (February 25, 2013)