Remaining non-committal over the future course of Nano, Tata Motors said decisions will be taken in alignment with the board as the time and the need appears.
Although the company has adopted a new passenger vehicles (PV) strategy with an aim to achieve “sustainable financial performance” and to be amongst the top three PV makers in India by 2019, its top management is shy to elaborate what role Ratan Tata’s dream project will play going forward.
Tata Motors has said that it would reduce the number of PV platforms to just two from the current six by 2018 when it shifts to what it called as ‘Advanced Modular Platform (AMP)’ to “deliver 7-8 product variants from two platforms for greater coverage and sizable economies of scale.”
“I can’t tell you right now because these are decisions in line with the PV strategy. These decisions are going to be taken in alignment with the board as the time and the need appears,” Tata Motors MD and CEO Guenter Butschek said when asked if Nano will be a part of the company’s future by 2018.
He said the new PV strategy was presented to the board of directors of the company in the middle of last year.
“The board is provided updates on the progress made on a regular basis,” Mr. Butschek said. — PTI
