Ratan Tata's dream is to see cars fueled by only water, simply water which may be toilet water, sea water or drinking water. In order to make it happen soon, he has invested USD 15 million in a start-up firm supporting research in the field, carried out by an eminent scientist from Massechusetts Institute of Technology in the US.
Showing posts with label tata. Show all posts
Showing posts with label tata. Show all posts
Ratan Tata invests $15 million in a research facility, aimed to power car by simple water.
Ratan Tata's dream is to see cars fueled by only water, simply water which may be toilet water, sea water or drinking water. In order to make it happen soon, he has invested USD 15 million in a start-up firm supporting research in the field, carried out by an eminent scientist from Massechusetts Institute of Technology in the US.
After dip in sales, Tata Nano to come with four-year manufacturer's warranty.
Tata reported that sales of the Nano, plunged by 85% in the November compared with a year earlier, despite other models surging ahead in Indian auto market.
World cheapest car, people's car Tata Nano sales are drastically down.
They say that difficulty in acquiring loan is the reason behind the plunge.
But car analysts says that above might not be the reason for plunge. They think its the series of fire catching incidents in the Nano, as well as price rises are the cause of concern for the affected sales.
Tata to hire 1500 engineers for its UK Jaguar plant
It has already announced 1500 new UK posts. But three times that number may be needed if the company's strategy goes to plan, The Telegraph reports.
During recession, JLR was set to close one of its three UK manufacturing plants. That has now been shelved.
The company says, it has received 13,000 applications for 1,500 new jobs.
Tata Motors plans to setup 1000 kiosk for Tata Nano
If this strategy works it will double its sales and despatches to 20,000 Nanos a month from 9,000 at present.
"Customers will be able to take a closer look at and test drive the Tata Nano across all Tata Motors dealerships and special Nano access points. Tata Motors has also tied up with 25 banks to offer customers with loans for purchasing Tata Nano at attractive rates of interest,” said a Tata Motors spokesperson.
Tata Motors hopes to sell 2,50,000 Nanos a year for next fiscal.
Tata nano initial sketch was designed by Ratan Tata itself in a lifeless meeting.
Ratan Tata's initial doodle was to rebuild a car around a "scooter so that those using it could travel safer", says Noronha and colleagues in the book.
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