'Delay in closure of Nano project drain on Tata Motors' finances'

Raising serious concerns over the Nano, which was Ratan Tata’s pet project, Tata Motors independent director Nusli Wadia said that the delay in the closure of the project is a serious drain on the Tata Motors’  finances.

Wadia also alleged that the project has created a negative image about the passenger vehicle business of the company.

“The delay in the closure of Nano is a serious drain on the finances of the company, in addition it has created very negative image of the passenger vehicle business of the company,” he said. “Concerns have been raised not only by me but by several others,” he added.