Tata Motors Says Bookings for Nano to Start in April
Tata Motors Ltd., the maker of Jaguar and Land Rover luxury vehicles, will start accepting bookings for the Nano, the world’s cheapest car, in the second week of April.
The automaker will display the Nano at dealerships from the first week of April, Tata Motors said in a statement today. The Mumbai-based company will elaborate on the booking process on March 23, it said.
Tata Motors unveiled the Nano last year aiming to sell the car at 100,000 rupees ($1,988), almost half the price of the next-cheapest model in the country. Chairman Ratan Tata’s plan to begin sales of Nano from the last quarter of 2008 got delayed as the company had to relocate its factory because of protests by farmers about acquisition of agricultural land.
The company, also India’s largest maker of trucks and buses, will sell the Nano in Europe for 5,000 euros ($6,347), Bild said, citing an interview with Tata. The carmaker will present the European version of the Nano next month at the Geneva car show, the newspaper said.
Tata Motors gained 2.6 percent to 143.75 rupees at 1:15 p.m. on the Bombay Stock Exchange. The shares have declined 10 percent this year, extending last year’s 78 percent slump.
Tata Nano
The Tata Nano, dubbed the people’s car, is the least expensive production car in the world. It is a city car launched by India's Tata Motors at the 9th annual Auto Expo on January 10, 2008 at Pragati Maidan, New Delhi, India. The standard version of the Nano (without air conditioning, radio or power steering) will cost Rs 100,000 (not including levies such as VAT/LT, transport and delivery charges). The choice of price has led to the Nano being called the "one lakh car". Tata Nano cheapest ever new car.
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1 comments:
Tata has raised the prestige of India by showing the world the technological competance. The dream of Ratan Tata and middle class people is going to be fulfilled soon.The world’s cheapest car Tata Nano with one lakh rupees is going to be released.It can be registered nation wide by submitting the application in State Bank of India.The cost of application is Rs.300 and will be made available in all branches all over India. For a realistic comparison we should look at China, there is a model from Cherry for 5200 $ which has dual air bags and features available in mid segment cars in India. So with specification of Nano a 2500$ car could have been built there. Of course creating a specification for a middle class person to migrate from 2 wheeler to 4 heeler is the real achievement and full marks to to Tatas.
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