The failure of the 'people's car'—launched in 2009—was a tiny blip in Tata Motors' successful journey to becoming a global auto company
Tata Nano, the world’s cheapest car, in a New Delhi showroom in April 2009. Sold at ₹100,000 ex-factory, the Initial bookings stood at 200,000 units and Tata Motors collected ₹2,500 crore. The company announced plans to stop production in 2019 and the last car was delivered in 2020
Image: Abhijit Bhatlekar / Mint via Getty Images
At the March 2009 launch of the Tata Nano, the number of people who expected the car to bomb stood at zero. Instead, concern for India’s leading auto company was centred around the expensive Jaguar Land Rover acquisition and the global financial crisis that had caused sales to crater. The Nano was widely expected to act as a ballast to cyclical truck sales.
(This story appears in the 31 May, 2024 issue of Forbes India. To visit our Archives, click here.)