Industrialist Ratan Tata during conferment of honorary Doctorate of Literature at the first special convocation 2022 of HSNC University, in Mumbai on June 11, 2022.

In the early 2000s, when Ratan Tata conceptualised the Tata Nano, he had promised to make a car that cost Rs 1 lakh, and despite the higher cost of making it a reality, Tata Motors launched it at ...

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In 2009, the company surprised the automobile industry by launching Tata Nano, a tiny vehicle with a rear engine costing about 100,000 rupees (then $2,000). Publicized as a “People’s Car ...

FILE - Tata Sons Chairman Ratan Tata reacts as he speaks during a press conference prior to the launch event of the Tata Nano in Mumbai, India, March 23, 2009. (AP Photo/Gautam Singh, File) ...

In the last three months, we have been averaging about 2,500 Nano [sales] per month. We are gearing up for a higher number and we are ramping up our production capacity by 20 percent from this month.

Leading Indian businessman Ratan Tata, who shaped India’s Tata Group conglomerate, has died aged 86. Tata had been undergoing treatment at a hospital in Mumbai, according to reports.

The Nano is not a flop, its creator Ratan Tata said on Thursday, but he acknowledged that his Tata Motors <TAMO.NS> failed to capitalise on the early excitement surrounding the launch of the world ...

Ratan Tata emphasized that the new car complies with India’s emissions laws and even with Europe’s much stronger Euro 4 standards. Emissions, Tata says, are “lower than a scooter’s today”.

FILE - Tata Sons Chairman Ratan Tata reacts as he speaks during a press conference prior to the launch event of the Tata Nano in Mumbai, India, March 23, 2009. (AP Photo/Gautam Singh, File) ...