When India's Tata introduced the Nano in 2009 at about $2,500, it was a hot-seller. It was expected to set the world on fire with demand for cheap wheels. In fact, a year after its rollout, the Nano almost did set the world on fire after at least three units burned to a crisp. Sales plummeted to a record low of 509 in November, 2010.
Ratan Tata has run the company for 20 years and plans to retire at the end of this year.
Autoblog , Ratan Tata hopes to restart Nano sales after fiery start (video), Ratan Tata hopes to restart Nano sales after fiery start (video)
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