Contrary to the recent reports about the Bolt being taken out of production, sources suggest that the car will continue to be manufactured, but only for fleet operations.
"Owing to the short sales volumes of the car, the Bolt will now be available for only for the commercial cab market," an official said to Cardekho.
Reports suggest that Tata has lost its faith in the Bolt hatchback, which has only managed to find 17,000 owners till date. Despite being loaded with features, the car could not compete with its segment leaders like the Maruti Suzuki Swift and Hyundai Elite i20.
Tata informed that they will use the Bolt's resources, and efforts for the further development of better selling Tiago hatchback.
Since its launch, the Tiago hatchback has bagged more than 30,000 bookings till August. The car has breached the 5,000 units milestone and helped Tata Motors register record a 43 percent growth in the month of July.