Auto giant, Tata Motors Ltd, jointly with Fiat SpA, the Italian carmaker plan to sell Tata Nano Latin America.

The plan was revealed by Ratan Tata, the Chairman of the Tata Group and Tata Motors, who is also a Fiat director.

The carmakers are also collaborating to enable other projects like engine production in India - "We have various projects, to take the Nano to Latin America together, to share platforms for new cars, we have projects for (Fiat lorry unit) Iveco and also for us to sell Ferrari and Maserati," said Tata.

The first Nano hit the Indian roads this month. Nano, the ultra-low-cost, People's Car is priced at 100,000 Indian Rupees (equivalent to $2,053) excluding taxes.

The car was recently allowed for sale in European market, after it passed the European "crash test" safety standard. It is expected that company will launch the car in European market by the end of 2011.

The company also has plans to introduce the Nano in Nigeria (Africa) within in a span of next 18 months.

Tata Motors won the Wall Street Journal Technology Innovation Award 2008, in 'Transportation' category for the small car -Nano.