Tata Motors says the car which faced short circuiting has been repaired and handed back to the owner in Ahmedabad.
"Tata Nano is a unique development. The design and development were carried out from scratch to keep the cost of the car at the Rs 1 lakh level," said K Kasturirangan. The Nano project has already secured 37 patents abroad for its path-breaking technology and has become a powerful brand worldwide. "The setting up of the factory also posed socio-political challenges, but the multi-dimensional approach finally helped in the realisation of the project," he added.
India on Monday announced the results for the country's first critical mineral auction. Amid the tepid response from big players, the list of successful bidders included some lesser known names. A total of five companies secured bids for six critical mineral blocks of graphite, manganese, phosphorite, lithium, and rare earth elements with auction premiums ranging from 13.05 per cent to 400 per cent.
The car's 624cc engine has been made more powerful.
"Tata Motors has given us a commitment that it will set up a permanent satellite facility at Pantnagar for producing Nanos," said Chief Secretary Indu Kumar Pande. From the Pantnagar industrial unit, from where the company would launch its first car, Tata Motors is planning to produce a total of 50,000 units per year. Besides, it has agreed to distribute all its Nano cars from Pantnagar through its new subsidiary, Tata Motors Distribution Co Ltd.
The Nano car loan is available for a maximum tenure of 7 years at an interest rate that ranges between 11.75 per cent and 12 per cent p.a.
Like many other low-unit value, fast-moving consumer goods, the Nano can be expected to alter the dynamics of its market like nothing before.
Tata Motors is developing higher capacity engines for its Nano car, to target domestic as well as foreign markets.
Calling it India's fastest hot hatch is a claim that the Super Nano fully deserves especially with the very interesting specs.
Tata Motors' Nano may be struggling to survive, but Renault Nissan alliance Chairman and chief executive officer Carlos Ghosn is glad the group followed the lead of "visionary" Ratan Tata's dream project
Tata Motors on Monday announced that the Tata Nano Standard version (BS2) will be priced at Rs 1 lakh (Rs 100,000) ex Factory Pantnagar (excluding transportation charges and VAT) thereby delivering on the promise made at the unveiling of the car at the Auto Expo in New Delhi last year on January 10th 2008.
Shelving its expansion plans in Thailand and opting for fast-growing Indonesia, India's Tata Motors is in talks with a leading Indonesian automobile company to produce its popular no-frills Nano car.
Tata Group head Ratan Tata said on Tuesday he has set higher ambitions for the Nano car which will be available in more variants, including diesel and electric versions.
Noting that the company's Nano plant in Singur, West Bengal, was expected to come into operation in the last quarter of 2008, Ratan Tata, in a letter to shareholders in the annual report for 2007-08, said that manufacturing facilities would be expanded to meet domestic and global demand in the future. "New variants of the Nano are also currently under development to meet the new environmental and fuel price challenges".
Typically, about 70 per cent of a car dealer's revenue comes from businesses like servicing, arranging finance, sale of spare parts and accessories, insurance renewals, offering driving lessons, etc. A New Delhi-based dealer said even those ancillary services might not fetch them the margins they earn from servicing other models of Tata Motors like Indica and Indigo.
Tata Motors will launch a diesel-powered version of its ultra-cheap Nano by the end of March 2014, its managing director said, hoping to kick-start demand for the model after years of disappointing sales.
During the festive season, dealers of Tata Motors reported a robust pick-up in demand for the Nano.
Nano remains a cautionary tale of misplaced ambitions and a drag on profit.
The bookings for Rs 1 lakh Nano car by the Tata Motors are pouring in from all parts of the country as the sole booking agent SBI said it has distributed lakhs of applications for the world's cheapest car.
The Tata group may consider launching its small car Nano in a new avatar in another country like Indonesia, where it doesn't have the 'stigma' of being 'the cheapest car', and bring it back to India for a fresh start with a new image, according to Chairman Emeritus Ratan Tata.
According to figures released by Society of Indian Automobile Manufacturers on Monday, Tata Motors exported 498 units last month as compared to just a single unit in the corresponding month last year.
There are about 70,000 Nanos on the roads now.
Tata Motors managing director & CEO Carl-Peter Forster told Business Standard that the company would not be doing the Nano justice if it remains just the 'world's cheapest car' and, hence, will look at all the 'natural evolutions' of the Nano, including upgrades.
Tata Motors on Friday said it will increase the prices of its small car Nano, dubbed as the Rs 1-lakh wonder, by about Rs 9,000 with effect from November 1 to offset rising input costs.
Close on the heels of Tata Motors' announcing a special financing scheme for its small car Nano to perk up sales, the company on Monday announced that the car will be now available in its 874 outlets pan-India.
This is the first time that a car brand will be selling its merchandise on the website.
The small car proves very useful and convenient for city driving.
Confident of securing a massive majority in the upcoming Lok Sabha elections, Prime Minister Narendra Modi on Wednesday outlined his vision for his next five-year term saying the Modi 3.0 government will put all its might to strengthen the foundation of 'Viksit Bharat' or a developed nation.
Tata Motors have launched the Nano Twist in Mumbai. The Nano Twist, is the power steering variant of the Nano.
Last year, HPL posted losses of around Rs 960 crore (Rs 9.6 billion) on revenues of Rs 8,662 crore (Rs 86.62 billion).
The company planning to have a larger push to small car even as sales continue to remain subdued.
Market watchers believe Tata Motors' move to upgrade the Nano is a right decision.
Ginger Hotels are the Tata Group's chain of budget hotels.
Names of the 100,000 customers who have been finalised for allotment of the Nano through the computerised procedure were announced by the company last month.
Tata Motors' Pantnagar facility sent its first consignment of the world's cheapest car, Nano to Hyderabad.
'The launch of the vehicle was successful beyond expectation'.
One of the challenges on diesel engine is refinement.
Nano's production though continues unhindered despite mounting losses
Tata Nano's potential was not fully exploited and the world's cheapest car needed another push to boost sales, said Tata Motors Ltd Chairman Ratan Tata.
The Nano Europa will have a slightly longer wheelbase of 2.28 metres and will be powered by a 3-cylinder all-aluminum gasoline engine with 5-speed automatic transmission and electric power steering.
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