Tata Motors, after accomplishing its aspiration of providing the low-cost car to the middle class population of India, is now moving ahead with another project, a fully loaded deluxe version of Nano to be launched by 2012.

The new version of Nano, besides having a more powerful engine, will also sport comfort and safety features including power steering, airbags and Anti Braking System. The firm is already working on an advanced version of its budget car for the European markets, which was showcased at the Geneva Motor Show in 2009.

The company has also plans to introduce the same vehicle in India, in tandem with the launch in Europe. PM Telang did not rule out the possibility of the firm launching the Nano Europa in the domestic market. “Perhaps, there is a chance of us launching Nano Europa in the burgeoning small car segment in India”, Telang said.

Europa has all the ingredients to make it as a wonderful budget car in Europe as the firm is making all sorts of tweaking, which would be a step above the existing ones plying on Indian roads. According to Telang, Europa will be highly sophisticated and much more aesthetic than the existing model with several additional features such as a more powerful engine, power steering, airbags and ABS with requisite structural strengths.

Furthermore, the all new Tata Nano Europa will have longer wheelbase than the existing ones, besides the redesigned interiors. The best part is that the new car would be powered by a three cylinder sporty all aluminum MPFI engine that will have a five speed automatic transmission. Also, the new petrol engine would be much more fuel-efficient and having lesser carbon emission of less than 100 gram per kilometer.