Tata motors have started the bookings once again for the world’s cheapest car, Tata Nano in four major states: Maharashtra, Uttar Pradesh, West Bengal and Karnataka. In Kerala the bookings were stared two months ago. Since the company is making the car accessible for test drive and is also accepting “on the spot” bookings, the conditions prevailing are in favor of the customers.
For purchasing the Tata Nano at attractive rates of interest, Tata Motors has tied up with 25 banks to offer customers with loans. Loans for the Tata Nano will be accessible at all the branches of these banks. Warranty of up to 18 months or 24,000 kms whichever occurs earlier is also offered. Tata Motors said, "Customers will be able to take a closer look at and test drive the Tata Nano across all Tata Motors dealerships and special Nano access points."
Tata was forced to increase its price by 3-4 percent due to rise in the prices of input materials. The hike was of Rs 3,700 to Rs 6,894 for different variants and this hike is not applicable for the bookings made earlier, such customers will pay the initial price. Tata limited the booking numbers to 155,000 which were selected through a computerized draw, when the car was launched.
From Singur in West Bengal, Tata Motors was forced to move the Nano mother plant to Sanand in Gujarat following agitations over a land row. The Sanand plant began commercial production in June, helping the company speed up delivery and meets most of the initial bookings done last year. From this December, the Sanand facility is to be upgraded to 20000 units and the current capacity is 2.5 annual units which are also to be increased to 3.5 lakh units.
Loans for the Tata Nano will be available at the following banks:
| Bank/NBFC | Tenure (up to) of years | LTV (upto) | Rate range |
| State Bank Of India | 7 | 85% (on-road) | 8% to 11.5% |
| Central Bank of India | 7 | 85% (on-road) | 9.5% to 11% |
| United Bank of India | 6 | 90% (Ex Showroom) | 10% to 11% |
| HDFC Bank | 5 | 90% (Ex Showroom) | 11% to 12.5% |
| ICICI Bank | 5 | 90% (Ex Showroom) | 10.5% to 11.5% |
| TATA Motor Finance | 4 | 90% (Ex Showroom) | 11% to 15% |
| UCO Bank | 5 | 85% (on-road) | 10.5% to 11% |
| Bank of Baroda | 7 | 85% (on-road) | 9.75 to 10.5% |
| State Bank of Patiala | 7 | 85% (on-road) | 8% to 10.5% |
| State Bank Of Hyderabad | 7 | 85% (on-road) | 11% to 11.5% |
| Indus Ind Bank | 4 | 80% (Ex Showroom) | 11% to 12% |
| State Bank Of Mysore | 7 | 85% (on-road) | 11% to 12% |
| Punjab National Bank | 7 | 90% (on-road) | 10.50% |
| Saraswat Bank | 7 | 90% (on-road) | 10% to 11% |
| Federal Bank | 5 | 90% (Ex Showroom) | 9.5% to 10% |
| Sundaram Finance | 4 | 90% (Ex Showroom) |
12% |
| Vijaya Bank | 6 | 80% (On Road) | 9.50% |
| Reliance | 2 | 80% (Ex showroom) | 12.50% |
| Canara Bank | 6 | 90% (on-road) | 10% |
| Corporation Bank | 7 | 85% (on-road) | 8% to 10% |
| Shriram Finance | 3 | Rs 75000 | 19% to 22% |
| Magma | 5 | 85% (Ex Showroom) | 13.75% to 16.25% |
| State Bank of Travancore | 7 | 85% (on-road) | 11% to 11.25% |
| L & T Finance | 5 | 90% (Ex Showroom) | 16% |
| Andhra Bank | 6 | 85% (on-road) | 10.75% to 11.5% |
You Might Also Like :
- New 2011 Tata Nano Plus to be launched in India
- Tata My Account Online at www.tataindicom.com/myaccount.aspx
- Tata Indica Vista EV : Specifications, Photos & Price
- Tata AIG Insurance Plans & Customer Care
- Storm Cinemas Naas online Booking guide
- American Airlines Reservations & Ticket Bookings Online Guide
gd news for d middle class
Anonymous — Sat, 10/09/2010 - 15:37gd news for d middle class people.. tana nano bookings in second round…n dis time i will get my own!!! i just want to knw d tata nano booking status 2010 of d allotment of d nano car .
Post new comment