Wednesday, 1 December 2010

Tata Nano car sales sink by 85%


Link to the article: BBC News

Sales of Tata Motors' Nano, the world's cheapest car, plunged by 85% in November compared with a year earlier, the Indian carmaker has said.

It blamed the slump on the difficulty potential customers had in accessing loans to buy the car.

However, analysts pointed out that a series of fires in the Nano, as well as price rises, had also affected sales.

Tata said its total sales across all models in November were 54,622, a rise of 1% on a year earlier.

The carmaker also said that sales of its Jaguar Land Rover-branded models "continued their upward trend".