Tata Nano car parts and accessory makers are getting calls from global biggies for their assistance to aid them with their new small cars. These component suppliers who made the Nano possible are now ready to yield the paybacks of their innovative low-cost technologies.

Global car makers like Nissan-Renault, Toyota, Volkswagen and Honda are proposing to launch small cars in the Indian car market. These car majors are approaching the key component suppliers of the Nano for car parts and accessories for their small cars.

India’s second largest car maker Hyundai has revealed that it will launch a new car positioned below theSantro with an investment of Rs 800 Crore. Similarly, Toyota is working on a platform for a small car for India with an investment of over Rs 3,000 Crore. Honda has also announced its first small car that will have India as the hub. The Nissan Micra, Chevrolet Beat and Volkswagen Polo will make their India debut in 2010, while the Nissan-Renault-Bajaj ultra low-cost car is due in 2012.

As a result, the Tata Nano’s 100-odd vendors have a reason to smile with as many as seven small cars lining up for Indian debut in the next two years. Moreover, the potential challenger to the Nano, the low-cost car from Bajaj Auto and Nissan-Renault alliance, is likely to be benefited by Nano vendor base.

Though the Nissan-Renault-Bajaj ultra low-cost car project will source almost 100 per cent from the Bajaj supply base, but many suppliers in that pool are Nano parts suppliers.

Most of the car makers are looking at replicating the ‘Nano experience’ in their products as they are planning to introduce their cars at lower prices than their existing range. But before they tie up officially, they want their components to be validated by their overseas parent companies.

The small car market in India comprises 80 per cent of the 1.5 million units industry and is all decked up to experience a number of new launches in the next fourteen months.