On July 9, at the West Bengal state secretariat Nabanna, the state’s leadership and the Tata Group marked the first formal engagement after years of a fraught legacy.
A tribunal ruled in favour of Tata Motors, allowing them to recover a sum of Rs 765.78 crore with interest at 11 percent per annum from September 1, 2016, from West Bengal Industrial Development Corporation Limited.
Tata Motors said it has been also been allowed to recover a sum of Rs 1 crore towards the cost of the proceedings
Ratan Tata's simplicity impressed social media users. "We need to learn a lot from him," an Instagram user wrote, while several others commented, "Legend!"
Ratan Tata says the desire to make road travel safer for Indian families is what “really motivated” him to produce the Tata Nano.
The Trinamool will have to rein in its own party goons if it is serious in attracting industry to the state
No more looking at newspapers and worrying about the bad stuff, that's how Ratan Tata says he is enjoying his separation from the company
According to a regulatory filing by the company, Tata Motors had zero production and sales of the Nano in December 2019 while it produced 82 units and sold 88 units in December 2018.
Tata Motors has so far maintained that no decision has been made yet on the future of Nano, although in its current form it will not meet the new safety and emission norms and may need infusion of fresh investments.
The story of India's affordable car offering to the world.
The company separately stated that 'each car model has a business case and a decision will be taken based on each case'.
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 ‘cheap car‘ to be seen as a ‘city car‘, does not seem to have helped.