If anyone is planning to purchase the 623 cc Tata Nano this Diwali, then all you need is to shell out more. Tata Motors on Friday stated out that they shall be taking a small price hike on Nano to neutralize the sheer increase in input costs.

Auto major, Tata motors may launch three new vehicles by next year in order to gain more customers and strengthen its position in the highly competitive Indian market.

The company might be planning to launch a premium SUV based on the same platform and a new version of Safari by early next year. According to some company officials, the premium SUV will be built on the X2 platform.

Sixty nine dealers across twenty five cities of the country will be selling the newly launched vehicle of Tata Motors named “The Aria”.

The auto major has come with this magnificent product in the market which is the first 4-wheel drive Crossover. It is a luxury vehicle having finer qualities of a sedan as well as the muscular power of a SUV.

Companies like Principal Mutual Fund, DWS Investments International and Fidelity Investments amongst others have acquired minority stakes in Tata Motors through a qualified institutional placement offer. The auto giant is considered as the nation's biggest makers of commercial vehicles.

Tata Motors, reckoned to the third biggest carmaker of the nation, possibly will launch a share sell to institutional investors worth five hundred and twenty five million dollars.

This move is being taken to cut down the firm's debts and for funding its plans on investments. According to industry sources the money raised will be used to develop products. .

Auto major, Tata Motors is planning to launch its new cross-over between a multi-utility and sports utility vehicle, Tata Aria next month in the country.

Tata Aria was showcased earlier this year Auto Expo 2010 in Delhi. The vehicle is ingeniously built by Indian engineers and showcases the country’s capabilities in design and competitive edge.

Indian auto major, Tata Motors will launch an upgraded version of its small car, the new Tata Nano Plus, which is clamed to be the cheapest car in the world, in 2011.