Tata Motors Ltd will take a “concerted decision” on the Tata Nano, chairman N. Chandrasekaran said on Tuesday, as the company has to work towards improving cost structure across various platforms and introduce new models and platforms in the passenger vehicle (PV) business.
In a statement released on Tuesday, the office of Cyrus P. Mistry, the ousted chairman of Tata Sons Ltd, said that all decisions at Tata Motors should be taken with due regard to the consequences on all stakeholders.
The PV business accounts for a mere 3% of the consolidated revenue of Tata Motors.
“We can’t just switch off one product and switch on another,” Chandrasekaran, who is also Tata group chairman, said in response to shareholders’ questions on Tata Nano’s future at Tata Motors’ 72nd annual general meeting. “We need to take a holistic view,” he said, staying clear of offering a direct answer to the fate of a model that attracted much global attention owing to its low price tag.
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