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Tata Nano up in flames, again

Updated 24/03 @ 3pm: We knew the Tata Nano was hot property in India, but spontaneously bursting in to flames might be taking things a bit too far. Indian insurance agent Satish Sawant, had just taken delivery of his new Tata Nano in Prabhadevi, Mumbai. But as Mr Sawant couldn't drive, he arranged for a chauffeur to deliver the car to his home...

Daimler set to sell stake in Tata Motors

Reports from India this morning say Germany's Daimler is set to sell its long-time stake in Tata Motors. Daimler, who own a 5.34 per cent stake in the Indian company, gave no comment on a its decision to sell the shares. Estimates put Daimler's return on the sale at US$429 million (AUD$470 million)...

Electric Tata Nano and Vista set for Europe

India’s largest vehicle manufacturer, Tata, will begin its electric assault on Europe later this year when it releases the new Vista small car.   With a range of 200km, the right-hand drive Vista – which replaces the Indica hatch – will be available in the UK in late-2010 and in other selected European markets in 2012...

Tata considering new entry-level Jaguar

Tata vice chairman, Ravi Kant, has told UK automotive website Autocar that a new entry-level Jaguar is in the brand’s current planning discussions. Mr Kant and Tata Motors CEO, Carl-Peter Forster, are reviewing the Jaguar Land Rover product line-up at the moment and planning future expansion. “We’re having a debate about a small car...

Tata looks to US sales as brand launches three new models in India

The chairman of India's Tata Motors said today that the brand may consider launching its ultra-cheap Nano model in the US within the next three years, following possible sales in Europe by the end of 2011. "We also recognise there is a market (for the Nano) not only in developing countries, but possibly in the developed countries," Mr Ratan Tata said at Inida's Auto Expo...

Hybrid Tata Nano on the way

A hybrid version of the Tata Nano is on the way, says to the Indian carmaker’s chairman, Ratan Tata.       Tata told The Maeil Business Newspaper of South Korea that he believes the "low-price revolution" will be the future of his company and the global automotive industry, and said that demand for low-end products in India would be well above that of more expensive high-end goods...

Tata Nano investigated for electrical fires

Could it be that quality sacrifices made in producing the world's cheapest car have led to its downfall? The Tata Nano - that retails in India for around $2,500 - is under investigation by the company following reports from three owners of electrical fires. According to The Times of India, the fires appear to be the result of an electrical short in the car's steering column...

Tata Motors to boost Nano production

With the Indian-built Nano undercutting most two-wheeled transport in price, Tata Motors has decided to increase production to meet growing demand. Billed as the world's cheapest car, current production will be increased by roughly 500 units per month or 20 per cent more...

Tata raises AUD$830 million towards Jaguar Land Rover debt

India’s Tata Motors says it has raised AUD$830 million through the sale of new global depositary receipts and convertible bonds, money that will be used to help pay off debt incurred during the purchase of Jaguar and Land Rover. The news isn't all good however with that sum likely to make only a small dent in Tata's total consolidated debt, a figure Reuters Newsagency estimates at some AUD$5...

First Tata Nano delivered to proud Indian family

While most of us take driving and owning a car for granted, Tata's ambition to sell the world's cheapest car has come to fruition, with the first delivery of the super-cheap car taking place in Mumbai, India. Mr.Ashok Raghunath Vichare of Mumbai was lost for words as he took delivery of the car, claiming that it will make travelling the treacherous and climatic conditions of Mumbai much safer...

Tata boss begs British government for assistance with JLR

Ratan Tata, chairman of Tata Motors, has warned that Jaguar Land Rover could make further job cuts unless the British government provides financial aid to the brands. The brands have been suffering financial difficulties as a result of falling sales during the on-going global economic downturn with last year's global unit sales of JLR vehicles down 12 per cent to 251,590 units...