Nano: now a Fiat?

We know you've been waiting with baited breath, so here's a bit more information on the awesome Tata Nano.

The so-called 'Lakh car' that new Jaguar boss Ratan Tata plans to sell to the Indian market for £1,250.

Firstly, it's not going to be confined to India. Tata plans to roll out the Nano across the world... and it might be badged as a Fiat.

Yep, it's going to be a Cinquecento without the sex appeal.

See, Tata and Fiat already work together to distribute commercial trucks outside of India, and Tata reckons the Fiat badge might hold a bit more cache.

Don't worry, the Nano will get a bunch of modifications to meet the demand of western markets, including a diesel engine.

That's the other bit of big news. The Nano will initially get a 30bhp petrol engine, but will be rapidly (OK, not all that rapidly) followed by an 800cc twin-cylinder turbodiesel developed in Germany.

We don't know how powerful that'll be yet, but we're not holding out hope for triple figures.