Tata has only sold just one Nano this year
The company has so far been maintaining that no decision has been made yet on the future of the Nano saying production planning of a car is a "conscious management of demand, system inventory and planned efficiencies".
It has, however, admitted that in its current form the Nano will not meet the new safety regulations and BS-VI emission norms.
Could not live up to expectations
Nano, which was unveiled in January 2008 at the Auto Expo with much expectations of being the people's car, could not live up to the billing. Its sales have been dwindling over the years.
This time last year
On the issue of discontinuing the Nano, Tata Motors has insisted that "Decisions on product life cycle is a holistic view taken after considering the market developments, regulations and emerging competitive landscape. Any such decisions are announced as and when it's taken".
End of road
The Nano was launched in the market in March 2009 with an initial price of close to Rs 1 lakh for the basic model despite cost escalations, with Tata insisting that "a promise is a promise".
Instances of the car catching fire initially after it was launched didn't help its cause either.
Tata had admitted that the company made the mistake of promoting the Nano as 'the cheapest car'.
No way to revive
Mistry also termed the Nano as one of the "legacy hotspots" and there was "no line of sight to profitability for the Nano, any turnaround strategy".
He had also claimed that Tata Motors did not stop producing the car due to "emotional reasons".