Tata Motors Ltd Chairman Ratan Tata has reportedly said that Tata Nano’s potential was not fully exploited and the world’s cheapest car needed another push to boost sales.
Reports stated that Nano sales have stabilised at around 5,500 units per month, far below the installed capacity of the Nano factory in Sanand, Gujarat, at 250,000 units per year.
Tata also reported that he intended to increase the number of locally assembled Jaguar and Land Rover (JLR) products, the group’s luxury models produced in the UK, to make them more affordable for Indian customers.
Tata Motors has invested over Rs 20bn in setting up the Sanand facility, whose capacity can be increased to 500,000 units.