Countries like China and India are a hotbed for the auto industry, and every major automaker is looking to improve its standing in the emerging markets while they're still on the ground floor. Low-cost micro cars are all the rage in the East, and Nissan/Renault is looking into getting a piece of that action by producing a Nano fighter. Nissan Motor India Director Neeraj Garg told The Times of India that while higher priced sedans and SUVs are also scheduled for India's booming auto market, a low-priced hatch is also on the wishlist if the pricing is right.

Company officials say that the low-cost transportation could be among six new products scheduled for India by 2012, and with the country's low-cost labor, Nissan/Renault could also export any vehicles it makes there.

[Source: The Times of India]