Bumpy Ride for Car Makers: TATA Tata Motors chairman says crisis in western Europe may dampen demand for passenger cars. TATA motors also manufactures the $2500 Nano car. Tata Motors Chairman Ratan Tata has warned of a challenging year ahead for car makers in India even as the automotive industry continues to grapple with diminishing demand. âLooking ahead, I think the coming year will probably pose a considerable challenge. We all know western Europe is going through a relative crisis in terms of currency. All this is expected to dampen the demand for passenger cars,â Tata said while addressing shareholders at the companyâs 66th annual general meeting here on Friday. http://www.bsmotoring.com/news/tata-warnsbumpy-ride-for-car-makers-in-india/3887/13 The biggest steel maker Archelor--Mittal which supplies steel to car manufactures has reported 10% fall in profits.