The carmaker was waiting for the government to announce sops for green vehicles in the Budget that would have help price the car lower.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Call it the "Nano effect" but less than a month after Tata Motors displayed its competitively-priced small car at the Delhi auto show, prices in the 1.3-million used-car market crashed 15 to 30 per cent, if not more.
Brijmohan Lall Munjal had business rivals but no enemies.
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