The Hindu : Business : Marginal rise in Nano prices

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Saturday, Jul 17, 2010
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Marginal rise in Nano prices

Special Correspondent

NEW DELHI: Tata Motors on Friday said the world's cheapest car Nano would become dearer by 3-4 per cent, while the initial one lakh allottees would pay the launch price of the small car. “Despite a steep increase in input prices, Nano is being priced only 3-4 per cent higher, depending on the model, than the price announced at launch,” Tata Motors said in a statement.

The allottee-customers, who were chosen from draw of lots and still awaiting delivery, will get their cars at the same price as announced at launch on March 23, 2009, it added. The launch price for Nano is in the range of Rs.1.23 lakh-Rs.1.72 lakh.

Apart from one lakh allottees, over 55,000 had also booked Nano and are now awaiting deliveries of the car. These retainee-customers have been paid interest by Tata Motors for their booking amount deposited with the company.

However, they will get Nano at revised prices.

Tata Motors is also planning speedy production ramp up at its Sanand (Gujarat) plant that has the annual capacity of 2.5-lakh units.

Tata Motors has also decided to reward the loyalty of the allottee-customers by giving a choice of either avail themselves of one-year free annual maintenance contract, get extended warranty or free accessories worth Rs.4,000.

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