In your interest.
Online Personal Finance Magazine
No beating about the bush.
Rebutting some media reports about the recall of its small car Nano, Tata Motors Ltd on Wednesday said that the design and build of its car was "robust".
However, the company can provide additional protection to the exhaust system of the vehicle and the electrical system at no extra cost, said Tata Motors.
The company is the country's largest vehicle maker and it said that there are "no generic defects" in the Tata Nano. It said that during an investigation by a team of internal and international experts, it found instances of "additional foreign electrical equipment installed" or "foreign material left on the exhaust system".
Tata Motors said that from the third week of November, each of its Tata Nano customers will be informed about the "additional" protection.
On Wednesday, Tata Motors ended 2.5% up at Rs1,302 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.3% down at 20,875 points.