Didn't shut down Nano due to emotional reasons: Cyrus Mistry
Tata Son's ousted Chairman Cyrus Mistry in a letter to the Tata Board on Wednesday said, "As there's no line of sight to profitability for the Nano, any turnaround strategy for the company requires to shut it down". He added, "Emotional reasons alone have kept us away from this crucial decision". Mistry claims the group lost ₹1,000 crore to Nano.