Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Fri, Feb 22, 2019 | Last Updated 5:32 am IST

Menu &Sections

Search

India's smallest car Nano's production coming to an end

India's smallest car Nano's production coming to an end
India's smallest car Nano's production coming to an end
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources Tata Motors' small car Nano is inching closer towards the end of its journey with just one unit produced in June, although the company maintained that no decision has been taken yet on stopping its production. Meanwhile the entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, sold just three units last month in the domestic market.



Furthermore in a regulatory filing, Tata Motors said there was no export of Nano in June this year and moreover it had shipped 25 units in the same month last year. Further in terms of production, only one unit was produced last month as against 275 units in June 2017. The domestic sales were at three units in June as against 167 units in the year ago month.

India

Presently it become a loss-making model for Tata Motors with ex-Tata Sons chairman Mistry, who was abruptly removed from the post, even went on to claim that the Nano "consistently lost value, peaking at Rs 1,000 crore". Meanwhile Mistry also termed the Nano as one of the "legacy hotspots" and there was "no line of sight to profitability for the Nano, any turnaround strategy". Moreover he had also claimed that Tata Motors did not stop producing the car due to "emotional reasons".

India

India's smallest car Nano's production coming to an end
5/ 5 - (1 votes)
Add To Favourite
More from author
TN Govt plans to introduce Board Exams for Class 5 & 8
Guntur District farmer committed suicide, doubts raised
UK no longer preferred market for Indian investment due to Brexit factor
Pakistan Cricketers portrait removed from HPCA
DMK Congress deal soon!
What's the problem for DMDK?
India receives support from Israel!
Public shocked after tremors in Delhi!
APTA achieved India Book of record by making longest bamboo chicken in India
Budget of Rs 3,116 crore for 2019-20 unveiled by TTD
Chennai Metro Rail to install WiFi facilities at all stations
Saudi Arabia-India plans to set up a ''Strategic Partnership Council'
Donald Trump planning to meet North Korean Leader Kim Jong-Un again
Is Nagarjuna making his Political entry?
Why Rahul Gandhi made a surprise visit to AP Bhawan?
Panther seen in parking area of Korum Mall in Thane
Why KCRs Cabinet has no Women in his Party?
25 lakhs be given to family of CRPF Jawan by Kerala Govt
Surya Kiran Aircraft crashed in Bengaluru during rehearsal
BJP making desperate attempts to woo its allies
Gold prices skyrocket!
Saudi comes to Pak support!
Mastermind of Pulwama attack dead!
Kamal's takes a dig at Stalin!
YS Jagan needs to be reminded charity begins at home
Ex-PM highlights rural indebtedness, urban chaos
PMK will support AIADMK- BJP front in Tamilnadu in general elections
French researchers found 5.8 million Indane customer records
Will Sania Mirza be removed as brand ambassador of Telangana ?
Freedom we have is very expensive due to CRPF Employees
Why India raised Pulwama attack issue at Munich Conference?
RBI found large divergence in the books of Yes Bank
Tamilisai welcomes Kamal speech!
Kiran Bedi Vs Narayanasamy intensifies!
Kaduvetti Guru's mother against Anbumani!
4 soldiers die in a fight!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.