Struggling Tata Nano, billed as the world's cheapest car, could still have a strong future with a more upmarket image, says Tata group tycoon Ratan Tata, as the company looks to give the hatchback a new start.
Tata told in an interview on Friday he still had high hopes for the tiny Nano in its home market and abroad.
"A re-launched Nano with some of the differences that we're trying to incorporate, yes I do" believe it has good prospects, Tata said.
"We are going to relaunch the car not as the cheapest car" but with a different "image", Tata said, without giving a timeframe.
When Tata Motors -- a part of the Tata group -- launched the Nano in 2009, analysts said it would revolutionise how millions in India travelled. But after poor sales, it become clear the car's unique selling point -- its price -- had backfired.
Tata said the branding of the jelly-bean shaped vehicle as the world's cheapest car was a mistake.
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