Nano component suppliers ask Tata to up price
Pressure is growing on Tata Motors' ability to hold the price tag of Rs 1 lakh for the Nano with leading auto-component suppliers saying they have approached the company for a price increase. With steel prices soaring, the company recently set up a special team to look at ways and means to control the car's manufacturing costs. Now Delhi-based Sona Koyo, which is supplying steering systems for the Nano, and Minda Group, which supplies electrical switches, have confirmed that they and other component suppliers have suggested a price rise to Tata Motors.