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Ratan Tata admits his MISTAKE
By: Tupaki Desk | 16 July 2015 2:31 PM GMT
Tata Trusts Chairman Ratan Tata Today admitted the one of the greatest mistakes committed by the company was branding Nano as the cheapest car as it eventually led to a negative impact on the market. He made these comments while addressing students of the Great Lakes Institute of Management.
Ratan Tata: "Branding Nano as cheapest instead of most affordable is a mistake. Shifting Nano factory from West Bengal to other state cost us one year. We learnt many lessons from the our bunch of mistakes. All said, Launch of Nano was a great success beyond expectations".
The Most Respected Industrialist in the Country believes success is achieved if one takes decisions based on what he/she thinks are the right ones.
Post stepping down as the head of Tata Sons in 2012, Ratan Tata invested in Startups and most of them are in the e-commerce industry. He feels there is huge potential for growth in the e-commerce space.
Ratan Tata: "Branding Nano as cheapest instead of most affordable is a mistake. Shifting Nano factory from West Bengal to other state cost us one year. We learnt many lessons from the our bunch of mistakes. All said, Launch of Nano was a great success beyond expectations".
The Most Respected Industrialist in the Country believes success is achieved if one takes decisions based on what he/she thinks are the right ones.
Post stepping down as the head of Tata Sons in 2012, Ratan Tata invested in Startups and most of them are in the e-commerce industry. He feels there is huge potential for growth in the e-commerce space.
