Asked about the future of Nano, COO of Tata Motors Satish Borwankar said "going forward, alternative plans for Nano is being considered. Like the electric version of the small car, production of Nano is no longer a viable proposition".
Clarifying on observations by Tata Motors board under its new Chairman N Chandrasekaran in its annual report for 2016-17 that refuted his observations, Mistry said all the areas of concern and potential conflict raised by him were backed by documents as presented in his representations.
Shareholders speaking at the 72nd Annual General Meeting demanded to know the future of Nano, which has become a beleaguered product for Tata Motors despite years of efforts to generate consumer excitement.
Tata Motors has made numerous attempts to revive demand but the loss-making project, which stands to get terminated, failed to muster positive growth.
Nano has been a troubled product for the country’s fifth largest car maker Tata Motors since the past several years. The company made numerous attempts to revive demand but the loss-making project, which stands to get terminated, failed to give positive growth.
Nusli Wadia has said that his removal from Tata Steel was not linked to performance as a board of directors had evaluated his performance in previous meeting, sources tell CNBC-TV18.
The Nano has been in the news with ousted Tata Sons chairman Cyrus Mistry stating that it needed to be shut down if Tata Motors had to make a turnaround.
Felt like a 'lame duck', Nano‘s revival requires shut down; risk of insider trading as board members take instructions from Mr Ratan Tata
Last week Mamata Banerjee was in Singur to give the land acquired for the Tata Nano factory back to the farmers. A section of farmers are despondent about their future. They have their land back, but cultivation on the land is not possible.
Till now in FY16, this segment, led by Maruti Swift, clocked a growth of over 12 percent, increasing its share in the overall passenger car segment to 37.5 percent from 36.5 percent the previous year.
What would you do if you wake up to find Rs 1 crore in your bank account? Retire and travel the world? Hundreds of farmers in Sanand who woke up to a Crorepati status when the Tata Nano drove into Sanand in 2008 and kicked off a rapid industrialisation boom.
HomeShop18, India’s first comprehensive television shopping channel also available on web and mobile, is all set to make the forthcoming ...
Tata Motors have been trying to regain lost market share with it‘s new products. The Bolt and the Zest have done well so far and Tata Motors is hoping that it‘s next philosophy will translate into success for the Gen Next Nano as well.
Tata‘s efforts, as well as a proactive marketing strategy to shift the Nano away from being positioned as a â€˜cheap car‘ to be seen as a â€˜city car‘, does not seem to have helped.
The vehicle runs the much talked about 800cc diesel motor which is expected to be the most fuel efficient oiler in India when the Nano diesel goes on sale later this year or by early 2015
With the latest Twist variant, the transition is complete. It remains to be seen whether and how much it would help the Nano shed the baggage of manufacturing defects, poor performance and the "sub-standard" image that it came to be symbolized with in its earlier avatar.
Established in 1945, Tata Motors is India‘s largest automobile company with its presence in every nook and corner of the country. The company manufactures a vast range of automobile consisting of trucks, utility vehicles, buses and passenger cars.
Nano's new TVC is YouTube True View of August.
But the last two years have made it clear that we cannot go to sleep and still expect high growth
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The Supreme Court on Wednesday asked Tata Motors to make its stand clear on their rights over the land at Singur after the company moved out its car plant out of West Bengal.
Tata Motors on Tuesday said its passenger vehicle unit intends to increase market share by 3 percent to 15 percent
After a historical victory on the plank of Maa-Maati-Manush (mother-land-people), the Trinamool Congress government grappled with major economic issues during the year, which experts say, would warrant dramatic reversal of policies on issues such as land acquisition.
Tata Motors fourth quarter consolidated net profit more than doubled year-on-year to Rs 6,234 crore as continued strong growth at luxury Jaguar Land Rover unit coupled with an exceptional gain helped cushion domestic speed bumps.
Tata Nano diesel launch may still be far away despite possibility of being launched in 2012, reports Swati Khandelwal Jain of CNBC-TV18.