Tata Motors Plans To Unveil 230 Showrooms For Nano In A Year (22-Feb-2012)
Tata Motors is planning to launch 230 showrooms for its cheapest Nano car in the next 12 months. At present, the company has 120 exclusive Nano showrooms.
Tata, part of the global tea-to-technology Tata Group, has a product range that spans the Nano and the British Jaguar Land Rover luxury brands.
Tata Nano was launched in 2009 amid media hype and had shot into global fame as the world's cheapest car. This was Ratan Tata's dream project, and he virtually staked his own reputation on its success. There had been an overwhelming response from customers after the launch.
The company posted a 40.5% rise in profits in the quarter to end-December, as strong sales of its JLR models offset sluggish performance from its domestic arm, hit by high costs and interest rates in India.
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