A bigger Nano likely to be Cyrus Mistry’s revival plan
New Delhi: Although Nano could not live up to the expectations it stoked on launch, Tata Motors, now under Cyrus Mistry, appears to have not yet given up on the big dream and is, reportedly, planning to take the small car a few notches higher.
The big plan being worked out at Tata Motors is to give the Nano a bigger heart with a 1-litre engine to take its rival 796cc Maruti Alto head on.
As per the Hindustan Times report, Tata Motors also has plans to roll out a sedan version.
Citing sources, the newspaper said, Tata had been working on a 966cc version to replace the Nano’s 624cc engine. The report further said that Tata Motors also plans to roll out a version of the car with a boot.
The car was launched with an initial ex-factory price tag of close to Rs. one lakh for the basic model while the current ex-showroom price in Delhi is in the range of Rs. 1.55-2.16 lakh.
Tata Motors has sold more than 2.2 lakh units of Nano since its launch; sales grew by 5.8 percent in the last fiscal ended March 31, 2012 to 74,521 units.
With Agency Inputs