German car suppliers are hoping to make money with the Indian budget car Nano

Small is beautiful - especially in times of economic crisis. The Indian Tata-Group will launch its much awaited budget car, the Nano, in Bombay this Monday. Priced at 100-thousand Rupees, which equals about 1600 Euros, the pint-sized car is expected to allow poorer citizens in developing countries to purchase a car for the first time. And while the Tata-Group is hoping, the Nano will help solve its current cash-flow problem, German car suppliers also want to get a piece of the action.