Tata May be Open to Licensing Nano Production.
Wednesday, March 12th, 2008
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Tata Motors chairman Ratan Tata has said that he may not be opposed to licensing other companies to manufacture the Nano microcar. Though there are no such plans as yet, Tata said that he would consider that option if his company was unable to meet Nano demand on its own.
This pressure to live up to possible demand for the world’s most inexpensive car, comes at a time when many global manufacturers are looking to penetrate the blooming Indian market with their own low-priced vehicles.In addition to making sure its vehicles are produced in sufficient quantities, it seems that Tata Motors is taking steps to ensure potential customers will be able to get financing as well. Tata Managing Director Ravi Kant has said that customers could expect financing “innovations,” when they decide to purchase a Nano. Due to the Nano’s low price, many potential customers would likely be forced to deal with the two-wheeler finance market in India, which has been suffering of late.
news.windingroad.com
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