Ratan Tata, Tata Group’s Chairman Emeritus, while speaking at the South Carolina Automotive Summit has confirmed that the company is working towards launching Nano with a more powerful engine. Though he did not give any time frame for its launch, this piece of news confirms that Tata has not given up on Nano, yet.
Tata Motors is trying to reposition their brand name in the Indian auto industry currently. With the launch of cars like Bolt and Zest, which not only look sporty, but also come with best in class features, Tata has made a huge step forward in this direction. Their new launches this year includes Nano AMT, Safari Storme facelift, along with Kite hatchback and sedan.
Apart from this, Ratan Tata also said that they are looking to set up a new plant in North America for their subsidiary – Jaguar Land Rover, to meet growing demand. This plant could be located in North America while it could not necessarily be in the United States.
With the company reaching full production capacity at its factories in Britain and with increased demand for products globally Jaguar and Land Rover had to reroute supplies to China where products fetch more than double the price as charged in the US. As US remains at the head of leading markets for JLR with 17% of its total sales, the proposed plant will be targeting capacities of 100,000 units per annum.
JLR’s capacities in UK are at 450,000-500,000 while in China production which commenced last October is slated to add 130,000 units a year. The company’s Brazil facility will have capacity of 24,000 units per year while JLR also has small assembly operations in India and mull plans for a new facility in Saudi Arabia as well. The Brazil plant in Rio de Janeiro will reach full production capacity by 2016 and will employ 400 persons with a supply chain of 1,000 more.
via Auto News