Company officials hope that a slew of recent measures will help revive sagging volumes.
Tata Motors is planning to launch a Nano model that will run 40 kilometres on a litre of diesel, matching the mileage of a typical 180cc motorcycle.
A Canadian company will be manufacturing auto parts for Tata's Nano, as more Canadian companies look for business avenues in India.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
Auto analysts suggest that Tata Motors may not be able to generate more than three to four per cent on net profit margins and five to six per cent on EBIDTA margins on the car. In addition, while production of the model is ramped up, sales will also have to rise in tandem.
The Moselle Development Agency is the key body in France in search for international investors.
The light weight vehicle features an automatic gearbox and an air conditioner, and will be developed for performance.
Ratan Tata, chairman of the Tata Group, has been conferred the honorary degree of Doctor of Law for his role in producing the world's cheapest car Nano.
Call it the "Nano effect" but less than a month after Tata Motors displayed its competitively-priced small car at the Delhi auto show, prices in the 1.3-million used-car market crashed 15 to 30 per cent, if not more.
Big vendors left with smaller amounts as formula for compensation based on despatches.
The small car market of India is booming like never before.
The company, which unveiled the electric version of the small car -- Tata Nano EV -- would also launch the version in the domestic market. However, no possible timeframe has been fixed for its launch in the home market.
We find out how the Nano factory has changed Sanand, from a sleepy village to a town bustling with activity and development.
The world's cheapest car, Tata Nano, made a two-hour stop over near here before heading off to Detroit, where it would be on display for the US audience for the first time this week.
Admitting that Nano has 'wasted an early opportunity' due to teething problems, Tata Group chief Ratan Tata on Thursday said Tata Motors will do everything to undo the tag of 'poor man's car'.
The ISRO is strengthening 'eye in the sky', which helped the Indian army carry out surgical strikes last year, with the launch.
The company plans test production of 50-60 cars per day from January.
As the Nano made its commercial debut, automotive industry experts opined that the Rs 1 lakh wonder from the Tata stable can give an additional 14 million Indian families access to an affordable car, thus creating a niche segment.
"If Nano has gone out of West Bengal and is rolling out from Gujarat on Monday, the Opposition in Bengal, the unholy alliance of Trinamool Congress and Congress is responsible," CPI-M Politburo member Brinda Karat told reporters in New Delhi.
Some of the biggest and the best component suppliers in the business were roped in, with scissors and ingenuity to bring out solutions within a specified cost structure.
Tata Motors, India's third-largest car maker, plans to use the platform of its low-cost small car Nano to build electric and hybrid cars.
Tata Motors, which suspended work at the Nano plant in West Bengal's Singur in view of continued confrontation at the site early this month, has held talks with Gujarat Chief Minister Narendra Modi over relocating the facility to the state.
Because of its 'low' price tag, many customers opting to buy a used car may plump for a new Nano, though it comes comparatively with lesser cubic capacity, R Srivatsan president of MyTVS, part of the TVS Group engaged in selling used cars told PTI.
'The Nano becomes a tool and a metaphor for the future. It will be a tool in the sense that any first car purchase in a country like India opens its owner to imagining their own mobility in and through the mobility of the car. This is a feature and a potential of all first cars in India,' says NYU Prof Arjun Appadurai.
Among other things, Ratan Tata also said, 'All I can say at the moment is that the project is highly profitable. After all, I am not doing it for philanthropy.'
Tata Motors was, till late on Saturday, collating booking numbers it had received from over 30,000 sale points from over 1,000 towns and cities. It will announce the final figure only on April 28. Tata Group insiders said that, till Saturday afternoon, the total bookings could range between 650,000 and 800,000. With more customers likely to join the bandwagon later in the day, the final number could be close to one million.
Unitech is pinning its hopes on the sub-Rs 5 lakh category of flats to counter the slowdown in the property sector. So are a host of others. Apart from Unitech, others such as Omaxe, Raheja, Tata Housing and Ansal API are planning new projects in the suburbs of satellite towns or smaller cities to target the bottom segment, to generate more cash.
A 96-year-old woman, Homai Vyarawala from Vadodara has sold her 55-year-old original Fiat car to buy the Tata Nano.
Nissan's executive vice-president and CEO Carlos Ghosn's key man for his new strategy in emerging markets, Andy Palmer, tells Business Standard how the Tata Nano's experience made his company steer away from the $2,500 car. He also speaks about how Nissan's association with Bajaj Auto to develop a small car failed, making his company place its bets on the Datsun brand to grow its market share 10-fold over the next three years.
In November Tata Motors launched a brand new variant of Tata Nano.
The tale of the creation and design of the world's cheapest car is one of innovation and ingenuity, both inside and outside Ratan Tata's organization.
The company has already unveiled the European version -- Nano Europa -- at the Geneva Motor Show earlier this month -- which is likely to be fitted with a more powerful engine than the Indian version complying with Euro-V emission norms.
Tata Motors has offered the Nano small car to consumers who wish to buy it using credit cards.
The Tata Nano received over 203,000 fully paid bookings amounting to nearly Rs 2,500 crore (Rs 25 billion), Tata Motors said on Monday.
"Tata Motors officials have conveyed to us that they are thinking of setting up a small permanent production unit of Nano in Pantnagar," Chief Secretary I K Pande said. The Tata Motors spokesperson said, "It is Tata Motors's view that, even after the mother plant at Sanand becomes operational, Tata Motors will continue to manufacture a certain volume of the Nano at Pantnagar. We do not have any other information to share."
Tata Motors went back to the planning room, and the news that emanates from the factories is the Twist, a new Nano avatar that looks fresh
Tata Motors went back to the planning room, and the news that emanates from the factories is the Twist, a new Nano avatar that looks fresh
Rs 1,199 spread comfortably across 84 months or 7 years. The rate of interest is 11-11.5 per cent, which is cheaper than a two wheeler loan.
Nano, the small car from the Tatas, is projected to become India's second best selling car next year, according to market research firm JD Power.
Stung by dwindling sales of the Nano, the world's cheapest car, Tata Motors has embarked on a nationwide campaign to promote and market it.
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