Ratan Tata, the head of Tata Motors, has expressed interest in selling the company’s inexpensive Nano model in the U.S., according to Reuters.

The Tata Nano is currently sold in India and is recognized as the world’s most inexpensive car. In India, the Nano starts at around $2,500, but that price would increase to $4,000 with import tax and other fees associated with importing a car into the U.S.

"We also recognize there is a market (for the Nano) not only in developing countries, but possibly in the developed countries," Ratan Tata told reporters at the New Delhi auto show. Tata also said he plans to offer the Nano in Europe as early as next year.

Tata said he realizes the U.S. needs "a car which has a larger engine and we need additional crash test modifications and we are in the process of doing it."

Tata is also reportedly working on a hybrid version of its Nano and a Nano-based pickup truck, which could spark interest with American consumers.