Tata Motors has no plans to invest and upgrade Ratan Tata\u2019s dream car Nano to meet BS-VI standards, a senior company official said on Thursday, indicating that the production and sales of the vehicle would stop from April 2020.<\/p>\n
\u201cNano is produced at our Sanad plant in January new safety norms came, in April some more new norms will come and in October new safety norms will come and BS-VI is going to happen from April 1 of 2020, so all products may not meet and we may not invest in upgrading all the poducts and Nano is one of them,\u201d President of Passenger Vehicle Business Unit, Tata Motors, Mayank Pareektold reporters.<\/p>\n
The entry level car, brainchild of Ratan Tata, who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer.<\/p>\n
On the BS-VI vehicles, he said it was a challenge for auto makers as the Supreme Court guidelines do not allow car registrations other than BS-VI after April 1, 2020. They will be refurbished and modified. For Industry is the biggest challenge. BS-IV stock should become zero by April 1, 2020,\u201d he said.<\/p>\n
Three years back Tata Motors had market share of 2.8 per cent in passenger car segment and it has not reached to nearly seven per cent. Currently it caters only 60 per cent of the car market and aims at covering 90 per cent by launching new products by 2021-22.<\/p>\n
According to him, the last festival season was not good in terms of car sales in the country as there was \u201cstress\u201d in the liquidity market and as a result people getting loans has become \u201cslower\u201d.<\/p>\n
On the Electric vehicles, he said though they have technology to develop EVs, there is no enough charging infrastructure available in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
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