New Nano model to overcome fuel price challenges:Tata
03 Jul 2008 1:50 PM  by karthick in Hatchbacks ,
To Beat the slump in sales being caused by raising fuel prices , Tata Motors is working on new technologies to produce more fuel efficient vehicles. Tata Motors is working on Nano to overcome challenges posed by high fuel prices , which could negatively impact vehicle sales , company Chairman Ratan Tata has said. The chairman , in a letter to shareholders in the annual report for 2007-08 , said that "New variants of the Nano are also currently under development to meet the new environmental and fuel price challenges , as also the market requirement of several international markets , " and manufacturing facilities would be expanded to meet domestic and global demand in the future. He also said , "higher fuel prices will negatively impact both commercial vehicles and passenger car sales." There would "an enormous and unprecedented increase in material costs in steel , tyres , and the like , and there will be the impact of tighter money supply with higher interest rates." In addition , "the company will have to manage the completion of the Singur plant , would come in to operation in the last quarter of 2008 and introduction of the new Nano in the market. Tata commenting the year ahead " as a year of challenges " and " will be no more daunting than the challenges they have faced in difficult years
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