Americans may get to drive the $3000 budget car Tata Nano, at a revised price by 2015, if all goes well with the plans laid out by the automotive giant, Tata Motors.

Earlier, the Automotive News reported that the chairman of the Indian automaker Tata Motors, Ratan Tata, announced plans to bring the Nano micro car to the United States within three years.

Apparently, the car launched with much fanfare in India for $2500 is being redesigned for sales in the U.S. and Europe.

The company officials aver that the car is likely to lose the cheap-price tag when it is being remodeled to adjust the car to fit to American standards. "The structural changes that would need to be made, the changes that would be required as far as emissions are concerned, and some of the features that would be appropriate to add to the vehicle for the North American market, obviously that would drive up the price point," Tata executive Warren Harris told the Associated Press in an interview.

Reportedly, the new features are likely to include power steering, traction control, a bigger engine and "more bells and whistles," which can shoot up the price of the remodeled car to around $8,000. But even at that price, Nano will remain America's cheapest car behind Nissan Versa ($11,750) and Hyundai Accent ($13,205), the Huffington Post has reported.

The Nano launched in 2009, has sold 175,000 cars as of April 2012, in India.