Tata Motors' Nano may have been a consistent flop in India, but the former chairman of parent and conglomerate Tata Group still has high hopes for the world's cheapest car.
In an interview on CNBC's Managing Asia, Ratan Tata said he believes the minicar still has the potential to take off in the home market.
"A re-launched Nano with some of the differences that we're trying to incorporate, yes I do," said Tata, adding that the company has plans to launch the Nano outside of the Indian market, but did not give a timeframe for when.
(Read more: Softness in Indian market a concern: Ford Motor)
"Maybe it gets launched in another country like Indonesia, where it doesn't have the stigma and the new image comes back to India. Or maybe as a changed product that gets marketed in Europe. There's a lot of interest in Nano outside India," said Tata, who stepped down as chairman of multinational conglomerate Tata Group in 2012.