Tata is reportedly preparing to invest €1 ($1.3) billion dollars into a former Nokia factory in Romania. It would eventually build trucks, buses and cars for the European market.

Tata had planned to begin selling the Nano in Europe last year, but that didn't happen as slow sales forced the company to focus on their home market instead.

That could soon be changing as Tata is reportedly preparing to invest €1 ($1.3) billion dollars into a former Nokia factory in Cluj-Napoca, Romania. Once the plant is converted to automotive production, it could employ nearly 5,000 people who will build trucks, buses and cars.

The decision to build in Romania isn't surprising as it would enable Tata to avoid European Union import duties. Factor in Romania's low wages and the decision sounds like a no brainer.

Nothing is official, but speculation suggests the plant will end up building the next-generation Nano. Little is known about the model, but it will likely borrow some cues from the Pixel and Megapixel concepts.

Be part of something big