Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Mon, Feb 18, 2019 | Last Updated 10:02 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
Madras HC orders for no flex boards for Jayalalitha's Birthday
From March 3, eateries no longer allowed to reuse cooking oil more than 3 times
New deadline for commissioning Kerala's Vizinjam Port extended to October 2020
COAI feels new regulations are vague to violate privacy of users
BJP to make alliance announcement soon: Piyush Goyal
Priyanka Chopra, Nick had great time on Valentines Day
Dewan Housing Finance shares slumped to an intraday low of Rs. 103.95
Ooty Lake to be cleaned soon
Air India flights to Iraq begins operations after 30 years
Dhanush congratulated Sai Pallavi for beating her own record saying 200 Million
Protest shutdown against terror attack affects life in Jammu
Telangana Municipalities good news for Families below poverty line
CRPF Jawans victimized in Jammu & Kashmir
Surprise Gift to Rahul Gandhi on Valentines Day
 2 alliances in India, one under Rahul Gandhi and a 'gatbandhan' which has no leader: Amit Shah
Arya & Sayyeshaa getting engaged to each other
Dinesh Karthik reveals reason for loss!
Forest department eyeing Chinnathambi!
Kamal Hassan praises woman!
Captain Vijayakanth coming soon!
Trump still adds to sources not requiring congressional approval
New inmate into TDP from MLA Nandamuri Balakrishna's Family
Will Anti Corruption Bureau in Delhi be controlled as per instructions from SC?
KCR Govt plans to illuminate Charminar with 190-watt LED light
When will Tamilnadu Districts be upgraded as Corporations?
Know how to hide Caller ID when making call to Uber Driver
Is there any delay in conducting 3rd season of Telugu Bigg Boss?
Election work inspected for Telangana by CEC
Rhode Island Governor lauded Infosys for training its graduates for digital jobs
We worked 100% for upliftment of country: PM Narendra Modi
PM Narendra Modi's next visit to AP by February end
Deepika Padukone's gift to Ranveer on Valentine's Day
Girl molested by Facebook friend!
Opposition attacking centre!
Vaiko in tears on stage!
Hindu Munnani warns lovers!
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.