Rumours in auto market had been doing rounds that Tata may make a delay in rolling out its model Nano in India. Tata Ryerson MD Sandipan Chakravorty put an end to all the speculations about the delay and assured that the car shall definitely roll out from the Singur factory in Orissa in October only.
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Tata Ryerson is one of the key component manufacturers for Tata Nano. It is hoping that its factory would be operational by August. The possible delays may be due to heavy rains in monsoon season.
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On the other hand, loans on Tata Nano are expected to be dearer as lender feel that less effluent buyers would rush to buy the car and would carry a risky profile with them. It may be a risky proposition for the lenders and financing agencies.
Executive Director of Tata Motors said that the company has invested nearly Rs. 17,000 crores to manufacture world's cheapest car. The company shall focus on domestic demands for next two to three years and then would look at international and exports demands. It currently has a manufacturing capacity of 250,000 units that can be easily expanded up to a capacity of 350,000 units.
