Tata Nano sales nose-dive (IN)

November saw sales of the world�s cheapest car, the Nano, plunge 85% year-on-year, Tata has said.

In contrast with 2009�s figure, Tata is holding customer�s responsible, since they have difficulty obtaining loans.

Nonetheless, analysts have stated that the Nano�s well known issue with catching fire and price hike had something to do with it.

Tata has reacted to the Nano�s fire problems buy offering customers a free safety upgrade, but was exclaiming that it was not introducing a recall. Tata sales rose by 1% across the line-up to 54,622 units. Of these, just 509 Nanos were sold.

Launched in India in April 2009, prices for the Nano start from roughly �1,400.

Main image taken from here.