Tata launched the Nano in 2009, and since then made several changes to the small hatchback. Currently, Tata sells Nano, which is now christened as Nano Twist. The company launched the car with an aim that every person in the country can own a car at a reasonable price.
Maruti Suzuki India Chairman R C Bhargava today said, "I think the Nano failed to meet the aspirations of customers in totality, not just one or two factors. The project at that price became an insurmountable challenge and also the challenge to meet customer aspirations."
According to him, when a two-wheeler owner is looking to upgrade his vehicle to a four-wheeler, he/she looks for the luxury a car can offer and not just another means of transportation.
"The reason is they bring much greater efficiency into the ability of people to use cars for transportation, the cars are used much more intensively and efficiently and there is much less of empty running, all of which lead to greater efficiency," he added.
He also said that Ratan Tata should be given a credit for attempting to offer an affordable and safer mode of personal transportation to two-wheeler riders and their families, which needs to be lauded. MSIL with its parent company, Suzuki, will not come up with any such products priced so low, despite being a major small car manufacturer in the country.
Recently, the news on the replacement of Tata Sons chairman Cyrus Mistry flooded the internet and reports suggest he had suggetsed for the Tata Nano to be shut down if the company wanted to make a turnover. The Nano had reached a peak loss of Rs 1,000 crore, various documents revealed.
Bhargava also added that in future, companies like Ola and Uber, will become large purchasers of cars. Moreover, as cars of aggregators are used optimally, the replacement cycle will be faster and so it is better for the industry.
In order to save the environment and curb the rising pollution, Maruti Suzuki is working to develop a low-cost small hybrid car, without sharing any timeline for its possible launch, Bhargava said.