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Tata Motors’ car finances on the rocks

Tata Motors, a large Indian based car manufacturer who owns Jaguar Land Rover, recently launched a new scheme to encourage motorcycle and scooter drivers to switch to a vehicle with four wheels – the Tata Nano.

Tata Motors, a large Indian based car manufacturer who owns Jaguar Land Rover, recently launched a new scheme to encourage motorcycle and scooter drivers to switch to a vehicle with four wheels – the Tata Nano. However, the scheme has been shunned by the public and the figures suggest not too many people are interested. The reason why consumers are tempted by the super cheap Nano is a lack of car financing deals.

It’s no better for the Nano when you look at regular sales, either. According to Tata’s website, Nano sales fell from 9,000 cars in July to a fairly dismal 8,103 in August and an incredibly dyer 5,520 in September.

The Nano has been condemned in the west for potential safety issues regarding random fires, and it seems the Indian public are becoming less comfortable with the idea of cheap motoring.

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