Tata Nano to go battery car
December 1st 2009 07:46
The Tata Motors group has decided to go green and boy is the green lobby green with envy. Ratan Tata has decided to take his Tata Nano and turn it into a battery car. Not only will this make the Nano eligible for several sops and concessions but it will make it the perfect common man’s car.
The Tata group has been haunted by another dilemma. Whenever they launch a peoples car it becomes a taxi and the Nano is poised to do just this today. Its conversion to battery will make it an ideal replacement for CNG autos plying in Delhi and such cities. This will be a boon for Taxi owners who are being plagued with CNG shortages in towns like Lucknow where the queues for CNG are getting longer each day.
Tata Motors shares closed at Rs 660.90, up 4.99%, on Monday on the BSE (^BSESN : 17074.66 148.44 ).
At the 63rd annual general meeting of the company in Mumbai, the chairman had hinted at the subject and talked about the progressing work at the company on alternate fuel technology, including hybrids. He had said, "We are working on an eco-car in Thailand, electric vehicles and hybrids."
The company also talks about use of bio-diesel and ethanol across Tata companies. Tata had also talked about a car project the company is working on with a France company, which will run on compressed air. He, however, expressed doubt about the project, saying "it may or may not happen". Till October, the company has delivered 10,518 units. The Nano delivery had started in July this year.
The Indian conglomerate is also studying investments in automobiles, software and hotel businesses, as well as biofuel in South American markets such as Brazil and Argentina.
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