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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

Nano to have more power, variants: Ratan Tata

Tuesday - Mar 06, 2012, 04:37pm (GMT+5.5)
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Nano to have more power, variants: Ratan TataGeneva - Tata Group head Ratan Tata, Tuesday said he has set higher ambitions for the Nano car which will be available in more variants, including diesel and electric versions.

Nano which has a 624 cc petrol engine will also be upgraded in power, he said.

"We will definitely come out with various variants of the Nano. One day there will be a higher engine, a diesel engine and an electric vehicle variant (of the Nano will be introduced)," Tata said at the Geneva Motor show.

He, however, did not share details on timeline of the proposed launches.

Earlier this year, Tata had admitted that Tata Motors had not been able to market Nano well and would try to undo the perception that it is a poorman's car, which has a starting price of Rs 1.40 lakh.

"We will see a resurrection of this product as we move forward," he had said.

Presently, Tata Motors is selling about 9000 Nano units per month, much below the production capacity.

Launched in 2009, there were high expectations from the small car, since it was projected as Ratan Tata's dream project.

However, as the novelty value wore off, Nano hit several roadblocks and did not match Tata's own expectations and he described it as an "opportunity wasted".

But, new models in vibrant colours like rouge red, champagne gold, papaya orange, aqua blue and mojito green have recently been launched targeting youth. The initial response seems to be good.



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