Nano investments significantly written off: Tata Motors
After ousted Chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company said it has significantly written off development cost and investments related to the car. It is refocusing its strategy on “growing and attractive segments” of passenger vehicles market, Tata Motors added. Earlier, Mistry said Tata was unable to shut down the loss-making Nano due to “emotional reasons”. 