egmCarTech

Tata Motors has announced that it has received a total of 500,000 booking forms for the Nano through 30,000 outlets in India. Tata has reportedly generated at total of 15 crore ($3 million USD) from the sales of forms. Each form sold for 300 Rs ($6 USD).

The sales of forms started on April 1, bookings began on April 9 and close on April 25. After April 25, Tata will pick 100,000 winners at random. Deliveries will begin starting July.

Tata has teamed up with a couple of financiers including SBI, ICICI Bank, Axis Bank and Punjab National Bank to make booking and financing easier.

The 35-hp Tata Nano carries a price tag of $1,983.

 

Tata Nano:

   

- By: Kap Shah

 

Source: indianautosblog

Related Posts:

1. Tata may let others assemble Nano and sell it as their own
2. Tata to increase Nano output by 20%
3. Tata to launch Nano on March 23, will take orders in April
4. CAR goes for a ride in the Tata Nano, does 0 to 60 in 17 seconds
5. Tata struggling to keep a $2,500 price tag for Nano