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Tata Nano unlikely to survive beyond 2019, only 1 car produced in June – Report

Tata Nano unlikely to survive beyond 2019, only 1 car produced in June – Report: “Exports were zero, versus 25 in June 2017” the report notes adding that, the expiry of the “people’s car,” as Tata Motors branded it in 2008, holds lessons for automakers hoping to make it in India. Countries such as Sri Lanka, had been hub spot for India’s cheap cars such as Maruti, Nano and three-wheeler Tuk Tuks, making Indian companies such as Bajaj earning over 20% of their revenue by exporting Tuks to the South Asian Island that generates higher tax revenue from vehicles than the producer’s sales and manufacturing cost to compensate country’s over 10,000 politicians living costs, bills and then to finance debt and development.

Nano was a project that was called a “milestone in frugal engineering” when it took off 10 years ago but the company behind it now acknowledges that the car in its “present form cannot continue beyond 2019.”
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