Tata Motors is looking ahead to start the manufacturing of its much-hyped cheapest small car, the Nano, at Singur plant in the fourth quarter of this year. The Singur manufacturing plant is likely to be expanded to meet the domestic and global demands in the future.
According to Ratan Tata, “The high volumes of Nano is expected to dramatically change Tata Motors’ market position, reach and visibility. New variants of Nano are under development to meet the new environmental and fuel price challenges, as also the market requirement of several international markets,”
Ratan Tata’s expectation comes amidst the widespread concern about the performance of commercial vehicles and passenger cars in the near future due to higher fuel prices, increased raw material costs and rising interest rates.
Debasish Ray, Tata Motor’s spokesperson said, “Variants mean technologies other than gasoline engine which is being currently used in the Rs 1 lakh car that is slated to be rolled out of the Singur factory during the later part of 2008”.
Tata Motors has faced challenges that have appeared daunting, but the year ahead will be of no more difficulties faced by the company earlier. Now they have found solutions for situation that have dissatisfied many in the organization.