The truth is that this is an impressive realisation of a corporate vision, a car long-promised, designed explicitly to hit a price point, and one that will meet the needs of poorer consumers. It is safer than a bicycle and cleaner than an old moped.
Ratan Tata: A Life, the much awaited biography, reveals that after a year of 'parallel running', Tata began having second thoughts about Cyrus Mistry's 'suitability'. 'Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas...'
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
In March this year, the anticipation of Nano launch coupled with a sluggish demand had made a sharp dent in used car prices by 25-30 per cent. Dealers had feared a further dip in prices by around 10 per cent.
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.
Nearly 60 vendors will move to the vendor park at Tata Nano's Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.
With the Nano's sales stuck in a low gear, firm drives hope on product variants and the base of hopefully satisfied customers.
The cheap-car tag fades with every new variant, Tata Motors inches towards taking on other city cars.
TT electronics Plc said on Tuesday it has secured a contract to supply speed sensors for the Indian conglomerate Tata's Rs 100,000 car, Tata Nano, which is expected to be launched later this year. However, the financial details of the contract were not revealed.
Calling it India's fastest hot hatch is a claim that the Super Nano fully deserves especially with the very interesting specs.
The company is offering three types of flats. A one-room flat with a small kitchen in an area of 283 square feet, a one-room flat with a large kitchen in an area of 360 square feet and a one-bed room flat with a hall and kitchen in an area of 465 square feet.
The new plant at Sanand will be inaugurated by Gujarat Chief Minister Narendra Modi and Tata Group Chairman Ratan Tata, who seven years ago dreamt of making an affordable family car for the common man. Spread over an area of about 1,100 acres, the new facility has been created at the cost of approximately Rs 2,000 crore (Rs 20 billion).
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.
A 96-year-old woman, Homai Vyarawala from Vadodara has sold her 55-year-old original Fiat car to buy the Tata Nano.
Tata Nano will have to improve sales in order to get Gujarat government's support.
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.
During the festive season, dealers of Tata Motors reported a robust pick-up in demand for the Nano.
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.
India's housing shortage is fuelled by the immigration of millions of villagers to the cities.
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.
Check out the Nikon D4 that costs almost Rs 3.5 lakh, which makes it more expensive than the original price of three Tata Nanos! Our question: Will YOU buy it?
Based on the Tata Nano, the TataPixel - at just over three metres in length - is the most package efficient four-seater in the world.
"There was an unprecedented traffic flow of around 40 million and the website crashed for sometime. It was restored later," sources told Business Standard. A company spokesperson also confirmed the development, but added that the website was immediately restored. The website had put up information on Tata Nano, the application forms for booking, financing details, dealer locations and pictures of the car on its website.
Tata group Chairman Ratan Tata did live up to his promise of delivering a Rs 1 lakh car. But, that promise is now costing Tata Motors dear.
Tata group Chairman Ratan Tata did live up to his promise of delivering a Rs 1 lakh car. But, that promise is now costing Tata Motors dear.
There are about 70,000 Nanos on the roads now.
Tata Motors on Monday commercially launched its people's car, Nano, promising to stick to the Rs 100,000 price tag for the base model.
You only need to look at Tata partner Fiat's history for a remarkable parallel to the Nano.
If commercially successful, the Tata car will alter the passenger car market in India, and perhaps the world, beyond description.
In an effort to make the world's cheapest car more affordable, Tata Motors is exploring the possibility of providing loans for the Nano either through Tata Motors Finance, a wholly owned subsidiary, or existing financing channels.
The Tatas are planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat.
"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."
Bosch Rexroth (India) Ltd, a subsidiary of German automation giant Bosch Group, a drive and control solutions for industrial applications, has bought private land near the Tata Nano site in Sanand recently with plans to set up its second manufacturing unit in the state.
Also said that the slowing demand for Tata's Nano shows consumers aren't looking for low-cost cars.
The tiny Nano car made by India's Tata Motors has been described by company director Jamshed J. Irani as having huge potential. Even as analysts claim that the Nano could rock the international auto industry and put millions of new Indian drivers on the road, Irani told The Washington Post in an interview that while Tata is producing only about 100 units a day at present, it hopes to ramp up to about 1,000 vehicles a day next year.
This is the first time that a car brand will be selling its merchandise on the website.
Just months ahead of the launch of its Rs 1-lakh Nano, the world's cheapest car, automaker Tata Motors has started the process of expanding the dealership network for passenger cars.While the applications have already been invited for dealerships in Delhi and adjoining Ghaziabad, the company officials said that similar exercise is also being carried out in other parts of the country, wherever there is a need for expansion.
In a major victory for Tatas, an arbitral tribunal has awarded Tata Motors a compensation of over Rs 766 crore for the losses incurred because of protests by Trinamool Congress that stalled its small car project at Singur in West Bengal. The tribunal asked the West Bengal government to pay Tata Motors the compensation, along with interest, according to a stock exchange filing by the Mumbai-based auto major on Monday. The company stated that the arbitral tribunal has asked the West Bengal Industrial Development Corp (WBIDC) to pay the company Rs 766 crore compensation, in connection with losses incurred on its manufacturing site in Singur.
Tata Group said that Tata Motors should target exports of the car in the developing countries like Brazil, China, Indonesia and Russia, where the growth rate is more than 10 per cent.
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