Webpoori - An Online Web Portal For News Updates, Celebrity Talks and Much More: 3/1/09

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TATA NANO PRICE IN DIFFERENT CITIES IN INDIA, LAUNCHED IN MUMBAI

Posted by Raj Auto News Monday, March 23, 2009

Tata Group Chairman Ratan Tata launched the Nano in Mumbai on Monday evening.Nano basic model will be available for Rs. 1,12,735 while the luxury model will cost Rs 1,70,335 at Pantnagar. Insurance and road tax will be separate.

Nano Pricing:

Tata Nano Standard (BS2 ): Rs. 1,12,735 (at Pantnagar), Tata Nano Standard (BS3): Rs 1.20,960 (at Pantnagar); Rs. 1,23,360 (ex-showroom in Delhi); Rs. 1,34,250 (ex-showroom in Mumbai).

Tata Nano CX Solid Paint (BS2): Rs. 1,39,780, Tata Nano CX Metallic Paint (BS2): Rs 1,42,780, Tata Nano CX Solid Paint (BS3): Rs. 1,45,725 (at Pantnagar); Rs 1,48,360 (ex-showroom in Delhi); Rs. 1,60,320 (ex-showroom in Mumbai); Tata Nano CX Metallic Paint (BS3): Rs. 1,48,725 ( at Pantnagar); Rs. 1,51,360 (ex-showroom in Delhi); Rs. 1,63,320 (ex-showroom in Mumbai); Tata Nano LX Metallic Paint (BS3): Rs.1,70,335 (at Pantnagar); Rs. 1,72,360 (ex-showroom in Delhi); Rs. 1,85,375 (ex-showroom in Mumbai).

Trim level/ Variant	Ex Showroom Pant Nagar (Rs)	Ex Showroom Delhi ( Rs)	Ex Showroom Mumbai ( Rs)
Tata Nano Std (BS2 )	112735	NA	NA
Tata Nano Std (BS3 )	120960	123360	134250
Tata Nano CX Solid Paint (BS2)	139780	NA	NA
Tata Nano CX Metallic Paint (BS2)	142780	NA	NA
Tata Nano CX Solid Paint (BS3)	145725	148360	160320
Tata Nano CX Metallic Paint (BS3)	148725	151360	163320
Tata Nano LX Metallic Paint (BS3)	170335	172360	185375

Trim level /Variant	Booking amount (Rs)
Tata Nano Std. ( BS2 and BS3)	95000
Tata Nano CX ( BS2 & BS3)	120000
Tata Nano LX ( BS3)	140000

The booking of the Nano will begin on April 9 and remain open till April 23 while the delivery of the first lot of Nano will begin in early-July. (sources : IBN)

Applications for booking of the car would be available in 30,000 locations in 1,000 cities across India.

State Bank of India is the qualified banker for collection of bookings in 850 cities and the car can be booked by just paying Rs 2,999 upfront while the rest can be secured by way of loan.

There would be 15 preferred financiers for the booking whose names would be disclosed in three days.

According to market research firm Crisil, Nano's price reduces the cost of ownership of an entry-level car by 30 per cent and to below three times the cost of owning a motorcycle.

"This will make the car affordable to an additional 14 million families, including a section of 58 million two- wheeler owners," Crisil said.

How Tata Nano is Similar to Tata Indica ?

Posted by Raj Auto News Sunday, March 22, 2009

Nano Launch Creates History in World's Automobile Industry

Posted by Raj Auto News Sunday, March 22, 2009

Described as "People's Car" by Tata Group Chairman Ratan Tata, Nano's commercial launch will mark a milestone in a journey, which was replete with controversies, hurdles and criticism from competitors.Tata Motors launches the world's least expensive car, Nano on 23rd of March 2009.

Tata Motors hope to start from the second week of April advance bookings for the 624-cc jellybean car, which has a snub nose, a sloping roof and just about room for five to squeeze in.

The four-door, five-seat car has a small 33-bhp engine at the rear and is targeted at the strong Indian middle class population that aspires to trade its two-wheelers for a much safer vehicle at an affordable cost.

With a length of 3.1 metres, a width of 1.5 metres and a height of 1.6 metres, Nano also has adequate ground clearance and can effortlessly manoeuvre on busy roads in cities as well as in rural areas.

As far as customers are concerned, they can expect to own a car coming at a price between Rs 1.20 lakh and Rs 1.30 lakh, depending on the version of Nano, although bookings will start only in April second week.

According to dealer sources, if the company keeps the ex-factory price at Rs 1 lakh, as promised by Tata, then the base model could easily have an on-road price of Rs 1.20 lakh after adding taxes such as excise duty, education cess and road tax, along with transportation cost, local taxes, insurance and registration fees and a lifetime parking fees (wherever applicable).

Last month, Tata Motors had appointed public sector lender State Bank of India as the sole booking agent for the world's least expensive car from the stable of Tatas. The booking amount is reportedly fixed at Rs 70,000.

Ever since the idea of making a car costing only Rs 1 lakh for Indian passengers was conceived way back in 2003 by Ratan Tata, his dream had to face challenges -- both technical and political.

Till the time the Sanand facility is ready by 2010, Nano will be produced from Tata Motors' factories at Pantnagar in Uttarakhand and Pune in Maharashtra in limited numbers.

How Do Nano Boost Tata Profit in Business ?

Posted by Raj Auto News Sunday, March 22, 2009

The Tata group, India's largest industrial house, is all set for the commercial roll-out of the small-car that hit the global headlines last year, both after its unveiling at the Auto Show in New Delhi and then becoming the centrepiece of a political controversy over the location of its plant at Singur in West Bengal.

The $62.5 billion group finally had to shift its factory to Sanand in Gujarat after cascading politically-motivated protests over land acquisition from farmers raised questions over the company's ability to stick to its launch deadline, informally set for October 2008.

Showcasing its prototype last year, Tata Motors had announced that it will cost all of Rs.100,000 ($2,000) at factory gates - the lowest cost for any car so far. The group has said the booking process and specific details on the retail price will be announced Monday afternoon. Nano is likely to result in a windfall for cash-starved Tata Motors that is likely to adopt a direct sale model for the car with a unique distribution plan.

Tata Motors is believed to have gone for a different strategy for the Nano, considering that the model will receive mind-boggling response from people that would be much higher than the estimated 50,000-60 ,000 units it would sell in the first year, or at least till the company’s Nano-dedicated plant in Gujarat comes up,’’ sources said. As per the Nano plan, Tata Motors will accept direct bookings for the model, through branches of State Bank of India as well as the company’s dealerships.

The company is likely to ask for a cash down of Rs 70000 with each booking and even the booking forms would come for a price, believed to be Rs 500. “All the deposits would therefore be available with Tata Motors for a few months, at least till the time the company decides on who gets the cars,” the sources said. This means that even if the company accepts bookings from at least 1 lakh customers to begin with, it will get access to Rs 700 crore cash. Dealer sources though said that the amount that Tata Motors would collect through this process could be in excess of Rs 1000 crore as it would accept bookings from over 1 lakh people .

“It is believed that the company will adopt a lottery system to decide the winners of the first lot of Nanos as the demand will be much more than the cars it produces,” the sources said. The deliveries would be staggered for the coming months.

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