The Tata Nano was launched in 2009 as part of then-Tata Group chairman Ratan Tata's dream of providing a car to the masses. It was priced at a little over Rs. 1 lakh. Now, the Nano costs Rs. 2.25-3.20 lakh (ex-showroom, Delhi).
Production of the Tata Nano was one of the major issues which led to the ousting of Tata Group ex-chairman Cyrus Mistry. Mistry had cited mounting losses, cumulatively Rs. 6,400 crore, to be the key reason behind the poor performance of Tata Motors.