Tata Nano EV revealed in Geneva, Daimler sells 5.34% stake in Tata
Tata has revealed an all electric variant of the Nano supermini at the Geneva Motor Show. The Nano EV features a super polymer lithium ion battery pack which was also featured on the Tata Indica Vista EV. Unfortunately the company did not reveal more information about the Nano EV’s powertrain.
However the press release did mention that the Nano EV has an estimated range of 160 kilometers and its 0 – 100 km/h acceleration time is figured at below 10 seconds. Tata also revealed that the Nano EV is expected to be launched sometime in 2012. Meanwhile the Euro-market Tata will be introduced in 2011. This model will be slightly longer than the Indian-market Nano and will feature better suspension and brakes with ABS.
In another development Daimler AG has sold its 5.34% stake in Tata. “Daimler is today in an excellent position to capitalize on the growth potential of the Indian passenger and commercial vehicle markets and continues to intensify its own activities there,” the German auto giant said in a statement.
“An equity participation of Daimler in Tata is therefore no longer necessary. This has been done in full consultation with Tata. Relations between the two companies are excellent and will not be adversely affected by this sale,” it added. The sale is said to generate about US$401 million.
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Comments
Am very surprise how fast Tata cache-up with the Japanese.For it price, the Nano defeat any Japanese electric car on quality/price and they still improving.
India really amaze me,I didn’t believe before that they could go that far and they still have an amazing hunger and ambition.
The quality of their R&D is a challenge for my country, China.But I don’t expect them to defeat china because of their poor infrastructure and chaotic drivers surfing around holly caws and beggars.
But by contrast Indians are impressive mathematician and good learner.They have very good education system that produce top R&D engineers and software specialist.It will be a good fight between china and India,that’s all I can say.
Likewise I saw EVnano.com for sale on Ebay with over 1500 prospects sofar visited.
NanoEV.com may come later.
If you plan to be a dealer you may want to grab these names fast…..
This car is already very popular even before the release in Europe. This is surely going to be a big hit!