Mumbai, Mar 23 (PTI) The booking of the Nano, the Rs one-lakh people's car from the Tata stable, will begin on April 9 and remain open till April 23.
Announcing this ahead of its launch today, Tata Group Chairman Ratan Tata told editors that the car, which would have the smallest footprint on the road, will be sold to the first one-lakh buyers at a price to be announced later.
The promise that has been made to sell the car at around Rs one-lakh would be kept despite the fact that commodity prices had shot up, Tata said, adding that the fall in commodity prices now may provide some cushion.
The delivery of the first lot of Nano cars will begin in early-July, he said, adding that applications for booking of the car would be available in 30,000 locations in 1,000 cities across India.
State Bank of India would be the qualified banker for collection of bookings in 850 cities, he said.
The car can be booked by just paying Rs 2,999 upfront while the rest can be secured by way of loan, he said.
There would be 15 preferred financiers for the booking whose names would be disclosed in three days. PTI
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