Branding Nano 'cheap car' was why the model did not take off in the market: Ratan Tata

After fighting for years to make Nano a popular model in the market, Ratan Tata, chairman emeritus of Tata Sons, finally acknowledged that branding Tata Motors small car Nano as a cheapest car was a mistake and was one of the reasons for the model not taking off as expected.

Tata said the mistake was branding the model as the cheapest car instead of affordable car.

He said people did not want to be associated with a cheap car.

Brand Gurus had earlier expressed similar views to IANS and said a car in India is a status symbol and people do not want their car to be known as a cheap car.

He said the small car was designed by people with an average age of 25-26 and was a success beyond expectations. However, he said the one year delay in the car launch allowed rumours to float around about the car.

Tata who is investing in start-ups also said he was looking at those outfits that would help the common man.

Stating that it is important to nurture start-ups and support them Tata also urged the entrepreneurs to be a long term player and build an institution than cashing out early.

According to Tata, he is keen on investing in health and connectivity sectors.

He said there is an opportunity in e-commerce and etailing in India which are expected to change the face of merchandising and marketing in the country.

(Image credits: Indiatimes)