When Elon Musk talked about Ratan Tata and his ambitious Nano project

Ratan Tata, the revered industrialist who passed away recently due to age-related issues, leaves behind a legacy of innovation and compassion. A resurfaced 2009 interview featuring Tesla CEO Elon Musk has brought renewed attention to Tata's contributions to the automotive industry, particularly his ambitious Tata Nano project. 

The Tata Nano, launched in 2009 with a price tag of just ₹1 lakh (approximately $2,300), was envisioned as the "people's car," aiming to make automobile ownership accessible to India's growing middle class. Tata's mission was to provide a safer, affordable alternative to the two-wheelers that dominated Indian roads. His vision represented a bold innovation catering to the needs of millions in the country.

In an interview with TV host Charlie Rose, Musk praised Tata's efforts, stating that "it's a good idea to have affordable cars" and describing Tata as a "gentleman and scholar." Musk acknowledged Tata's determination to innovate in an industry marked by fierce competition and high barriers to entry.

However, Musk also foresaw the challenges the Nano would face, noting that while the low price was key, other factors like rising fuel costs could prove problematic. "The cost of acquiring the car is much less of an issue than the cost of running the car," Musk noted—an insight that aligned with some of the struggles the Nano eventually encountered.

Despite its early promise, the Tata Nano faced challenges, including a perception of being "cheap" rather than affordable, rising fuel prices, and safety concerns. These issues ultimately led to the car's discontinuation in 2018. Though it did not achieve the revolutionary success Ratan Tata had envisioned, the Nano remains an iconic part of his legacy, embodying his vision to improve lives through accessible innovation.