NANO quoted as "New Breed of 21st century cars" is all set to hit the Indian market in the month of july 2009.
It is 3 metres long, seats four comfortably or five at a squeeze, does 65mph and aims to revolutionise travel for millions. The “People’s Car” is also the cheapest in the world at 100,000 rupees
The Nano can be booked at more than 30,000 locations in 1,000 cities across India, including Tata-owned department and electronics stores, with booking forms costing 300 rupees each. It will be available at just Rs. 2,999 down payment. Owners will be randomly selected from bookings made between April 9 and 25, and their prices will be protected. Initially, just 1 lakh Nanos will be produced. Delivery of the first lot of Nanos will be possible from July first week onwards.
As per the reports, more than 51,000 application forms have been sold so far. Tata Motors has entered into agreements with 18 preferred banks/NBFCs for financing and with five partner insurance companies to offer comprehensive insurance, under the ‘Tata Motors Insurance’ banner. Customers willing to book the Nano can either pay the entire booking amount using their own funds or seek financing. Booking amount is:
For Nano Base - Rs. 95,000.00
For Nano CX - Rs. 1,20,000.00
For Nano LX - Rs. 1,40,000.00
Tata Motors has entered into agreements with National Insurance, ICICI Lombard General Insurance, Royal Sundaram Alliance General Insurance, United India Insurance and HDFC Ergo General Insurance. The insurance premium would start at Rs 3,468 (ex New Delhi).
Applicants have an option of retaining their booking deposit if they do not get allotment in the first phase. Customers retaining their booking deposit will be eligible for interest on their deposit, effective from the date of announcement of allotment of the second phase, at 8.5% for a retention period of 1-2 years and 8.75% for a retention period of more than 2 years.
Within 60 days of the closure of bookings on April 25th , 2009, Tata Motors will process and announce the allotment of 100,000 cars in the first phase of deliveries, through a computerised random selection procedure. These 100,000 allotments will be price protected for the launch prices till delivery of the cars but the booking amounts will not bear any interest for the customers.
Nano is available in following 3 variants (Prices are Ex-Showroom Mumbai):
Nano Base/Standard/Basic - 134000.00
Nano CX - 160000.00
Nano LX - 185000.00
The Base model of Tata Nano features:
High mounted Rear Stop lamp.
Only Driver seat adjust-sliding and reclining.
Fixed front passenger seat.
Folding Rear Seats.
2-Spoke Steering wheel.
Grey bumpers and interiors.
Driver side Outside rear view mirror.
In addition to above features the mid variant CX features:
In addition to above features the top variant LX features:
Front Power windows.
Front and Rear fog lamps.
3-Spoke Steering wheel.
Moulded door trim with fabric inserts.
Floor console with glass holder.
Anti-Glare inside rear view mirror.
Sunvisors on both sides.
Tata Nano is available in following colors:
Nano Base - Ivory White, Racing Red, Summer Blue.
Nano CX - Ivory White, Racing Red, Summer Blue, Champange Gold, Lunar Silver
Nano LX - Sunshine Yellow, Champange Gold, Lunar Silver