The company may be considering a Nano revival and platform refresh as part of its aggressive expansion into the electric mobility segment and to sweat out existing investments in the Nano project, sources said. When contacted, a Tata Motors spokesperson said in an email response: “Tata Motors does not comment on speculation and upcoming vehicles. ”
Tata Motors’ electric vehicle (EV) ambitions were recently highlighted by the chairman N Chandrasekaran. At the 77th AGM, it said the company sold 5,000 EVs in FY21 and 19,500 in FY22. In the current fiscal year, the goal was to sell 50,000 electric vehicles, reaching 100,000 by fiscal year 24. The company has already sold more than 24,000 electric vehicles in April-November 2022, a marked jump over the FY22 tally of 19,500 units.
Tata Motors electric range includes Nexon EV, Tigor EV, Tiago Ev and Xpres-T EV. The company has already unveiled its Curvv and Avinya EV concepts and announced it will launch 10 models over the next five years.
The Tata Nano was launched in January 2008 and, with its aggressive pricing, has positioned itself as a popular car. Tata Motors stopped making the car in May 2018. Industry sources said if plans to “produce” a new Nano EV gets underway, the company may also resume talks with the Tamil Nadu government regarding the acquisition of Ford’s Maraimalainagar plant.