Tata's Nano may soon be phased out: Reports
A mere two Nano cars are manufactured daily at Tata's Sanand, Gujarat plant. Photograph: (Others)
Tata Motors’ Nano, launched in 2008 as the world's cheapest car, may soon be phased with dealers in most parts of the country having stopped placing orders for the vehicle.
Media reports said a mere two Nano cars are manufactured daily at the company's Sanand, Gujarat plant -- proof enough that the vehicle is a loss-making model for Tata Motors.
Tata is working on an electric version of the Nano. The new 48-volt vehicle will be called the 'Neo'
The reports said Tata Motors dispatched 180 Nanos to its 630 showrooms in August, which plummetted to just 57 units in October.
Most Tata showrooms are now focusing on selling contemporary models like the Tiago, Tigor, Hexa and Nexon.
The reports added that Tata is working on an electric version of the Nano, in a joint venture with Coimbatore-based Jayem Automotives.
The new car will be called the 'Neo'.
The 48-volt vehicle would be put together and marketed by Jayem Auto while some of the associated components will be supplied by Tata Motors.
The first batch of cars will be supplied shortly, media reports quoted Jayem Automotives Managing Director J Anand as saying in a statement.