Tata has axed its plans to bring a Mazda MX-5-rivalling sports car to the market.
At March’s Geneva Motor Show, the automaker unveiled the Racemo, what it dubbed as the world’s most affordable sports car. Despite its impressive design and claimed performance, Autocar India says the project has been shelved because executives believe it would be smarter to invest in its commercial vehicles.
In recent times, Tata’s commercial vehicle business has floundered and while recently speaking with company shareholders, Tata company chairman N Chandrasekaran suggested the company needs to prioritize its commercial vehicles.
“The commercial vehicle segment has witnessed a continued decline in market share and the passenger car performance has been muted,” he said.
Tata originally intended on producing the Racemo around a new flexible architecture dubbed Moflex and ultimately wanted to launch a small city car and an electric crossover around it.
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