Will Tatas bid goodbye to Nano?

To be or now not to be. That’s the million-dollar quiz currently being debated within the Condominium of Tatas since it involves the long bound of Nano, the little automobile that made world headlines a decade within the past. A product of Indian frugal engineering and created out of Ratan Tata’s imaginative and prescient to provide realistic, apt stagger for Indian families using around on scooters, the Nano is rarely any mean fulfillment. Initially place produced and offered at ₹1 lakh, a quantity of sentiment is hooked up to it. Though there is now not regularly any ask of now for this automobile, pulling the drag has now not been if truth be told easy. The manner forward for the Nano is an emotional scenario on the Tatas. Direct answers to questions about its future are sophisticated to near abet by. “Nano can now not be continued in its repeat set past 2019 because the original demolish norms [for existing models] will kick in,” said P.B. Balaji, chief monetary officer, Tata Motors, final week, while answering a quiz on the long bound of the Nano. Will the be resurrected in a varied set?Per the executive’s original demolish norms, all existing automobile devices must meet elevated demolish requirements from October 2019.Apart from, the BS VI emission norms will seemingly be appropriate from April 2020 and if Nano is to be continued, this must indulge in a original engine. All these entail heavy investment for a automobile that is now not notching up monumental gross sales.At Tata Motors’ AGM final week in Mumbai, Tata neighborhood chairman N. Chandrasekaran said upgrading the Nano to BS VI requirements will seemingly be a costly affair. He, nonetheless, didn’t spell out what used to be in retailer. To model model efficiency and monetary turnaround, Tata Motors has determined to restrict its passenger automobile production to top seemingly two platforms — Alfa and Omega — from which varied devices will seemingly be churned out. Thus, the total existing devices will seemingly be gradually phased out or upgraded. “Going forward, the total investment will scurry into [these] two original architectures. We are capable of upgrade the total devices to original emission norms. In accordance with industry cases, investment resolution will seemingly be taken,” Mr. Chandrasekaran said, answering shareholders’ queries. He said the just used to be to indulge in a host of dazzling autos that will within the discontinuance promote available within the market. Nano gross sales are on a relentless decline. In June, the firm offered actual three autos. In July, 50 Nano autos had been manufactured. “The hatchback segment is terribly primary for us and the laws and buyer preferences are going to play a chief role in defining diverse sub-segments internal this segment,” a Tata Motors spokesperson said. “We already indulge in a nicely-outlined Passenger Automobile approach in space that will ogle at now not top seemingly the top seemingly map of addressing the segments’ requirements but additionally an total standpoint of the portfolio. We continue to map Nano catering to buyer ask of in key markets,” the spokesperson added. All over again there is now not any such thing as a readability. So, while sceptics indulge in already started writing Nano’s obit, one never knows, the Tatas might perchance well perhaps spring a surprise.