He said many in the BJP feel that under Modi's stewardship, the party could achieve the target of winning 272 Lok Sabha seats in the next parliamentary elections.
Now, he said, Modi has decided not to step out of Gujarat till 2017 and brought his own "prime ministerial horse" to a sudden halt.
There are several ground realities and political permutations and combinations even within the BJP which have prevented the party from declaring his candidature for the top executive post so far, Thackeray said.
"There are many who have dreamt of occupying the top post but failed to achieve it. Even Sharad Pawar had announced his candidature on several occasions in the past but suddenly backtracked. Now, Modi has done the same," Thackeray said.