The land taken by Tata Motors at Singur for the erstwhile Nano car factory, and by the many companies who invested there to be vendors to the project, isn't set to change hands anytime soon.Tata and the vendors both say they plan to hold on to the lease titles, even as Trinamool Congress chief and Union railway minister Mamata Banerjee and the West Bengal government continue with their political posturing over a plan for a rail coach factory at the location.
It was late last year when Tata Motors announced that it would set up the first plant for producing the Rs 1-lakh car at Gujarat's Sanand rather than Karnataka's Dharwad, among other places.
With deregulation in diesel prices, this variant does not make sense.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Tata Motors' Nano, the small car seen as a symbol of India's expertise in frugal engineering, is likely to be launched on March 3. Billed as the world's cheapest, the small car's first recipients may be celebrities, including political leaders, social workers, sports stars and film stars.
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.
Years after the Nano exit, Singur's farmers now seek industry and jobs, as the land remains caught between failed promises and political contest.
The car's 624cc engine has been made more powerful.
The Nano may ultimately be a winner but cannot turn around the company in the near term. For the present, Tata Motors continues to stare at a weak demand for both commercial vehicles as also cars. While CV volumes were lower by 51 per cent y-o-y in January 2009, compared with a fall of 46 per cent y-o-y in the December 2008 quarter, to revert to the mean could take a while given that the downturn in the economy persists.
The company took five years to sell the 250,000 units of the Nano.
This is the first time that a car brand will be selling its merchandise on the website.
Auto major Tata Motors on Tuesday launched a new version of its small car Nano, which has dual fuel option of petrol and CNG, priced between Rs 2.40 lakh and Rs 2.65 lakh (ex-showroom, Delhi).
Company officials hope that a slew of recent measures will help revive sagging volumes.
Tata Motors on Friday said it will hike the prices of its passenger vehicles, excluding the Nano, by up to Rs 36,000 from April 1, to offset rising input costs.
Shares of Tata Motors, which surged over eight per cent in morning trade, shed gains to settle up three per cent on the Bombay Stock Exchange and National Stock Exchange as the company launched the world's cheapest car 'Nano'.
Tata Motors on Wednesday inaugurated the world's cheapest car, the Nano's, manufacturing facility here, nearly two years after it was forced to shift the plant out of West Bengal over a land row.
We call it Nano, they don't have to, says vice-chairman Ravi Kant
Code-named Pelican, bigger hatchback with new petrol and diesel engines may hit the road next year.
One of the challenges on diesel engine is refinement.
Tata Motors, India's largest auto maker, will introduce its small car Nano--considered the world's cheapest--in Nigeria within next 18 months, ahead of its planned launch in Europe.
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.
In the past, Tata Motors gave India its many first - country's first indigenous car (Tata Indica), first sports utility vehicle (Safari), first micro truck (Ace) or a Rs 100,000 car for the common citizen (Nano). After JLR's acquisition, however, the company has failed to connect with Indian car buyers.
The company had got 100,000 bookings in the first phase.
The car so far known by the code name 'Kite' will be a hatchback.
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.
"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.
After more than two years, Tata Motors has dislodged Korea's Hyundai Motors in India from the second spot in monthly domestic passenger vehicle sales. The spurt in Tata's June numbers has primarily been due to a dramatic increase in sales of the Nano, after the mother plant at Sanand in Gujarat went onstream last month, as well as a surge in that of the Indigo.
Tata Motors Chairman Cyrus Mistry said the company was poised for an 'inflection', even as it revamped its entire product portfolio.
The commercial vehicle business is one of the mainstays for the Tata group, highlighting the importance of Girish Wagh's appointment.
After launching the Nano early this week, the country's leading truck and bus maker, Tata Motors, is now looking to set up a truck manufacturing plant in Myanmar with support from the Indian government in the form of financial participation.
Discounts range between Rs 20,000 and Rs 80,000.
Tata Motors on Wednesday questioned the modus operandi of West Bengal government in taking possession of the land allocated to it for its small car project Nano in Singur saying all important decisions in this regard were being taken at "night" or "midnight".
Total passenger vehicle sales in the domestic market stood at 18,031 units in November.
The 997-acre plot in Singur handed over by the West Bengal government to Tata Motors is likely to remain in the hands of the company and can be returned only after a year or so.
Enthused by rave reviews that its Rs 100,000-car Nano got at the auto fair recently, the country's largest automobile company Tata Motors is embarking on a dealership network expansion drive.
Kant, an alumnus of IIT-Kharagpur, was managing director of the company before being promoted as vice-chairman five years ago.
The company has refurbished as many as eight models, but it desperately needs to up the ante in the compact SUV and compact sedan segments.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
The company has delivered 1,000 cars to buyers and is in the process of delivering another 2,000 units.
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