Published on July 2nd, 2013 | by Jo Borras1
Whodunnit: Did Tata's Nano Kill Jag's Hybrid Supercar?
The performance of a Bugatti Veyron, the range of a Chevy Volt, and the CO2 emissions of a Toyota Prius. That was the promise of Jaguar’s cancelled C-X75 hybrid supercar … and the damned thing delivered. So, why was it cancelled? From a pure “market watch” point of view, this is the golden age of million-dollar exotics, with other hybrid supercars like the LaFerrari and the McLaren P1 selling out months before the first example hit the road. It’s a good question, and – according to Jalopnik writer Máté Petrány – the answer may lie in the Tata Nano.
Jaguar’s parent company, Tata, reported that “fourth quarter net income plummeted 37 percent to $703 million … meanwhile, the Jaguar Land Rover luxury unit reported net profit of $570 million. Meaning that, even though the British are strong enough to finance a project like the C-X75, Tata’s sales back in India binned this magnificent engineering achievement by Jaguar and Williams.
Could the tiny, $2500 Tata Nano be behind the death of a future classic Jaguar? Will the Nano’s fate decide whether we get diesel or hybrid Range Rovers? Could Tata’s ability to convince people to buy a slow car instead of a (comparatively) fast bike mean no bad-a** electric Defender? Yikk. Let’s hope the changes Tata made to its Nano for 2014 help the car take off. Though thankfully, there is still a chance that the awesome, 550 horsepower 1.6 liter turbo engine could still be used in other Jaguars down the road.
For a more in-depth look at the numbers involved, head on over to Jalopnik’s original article.
Source | Photos: Jalopnik.