The first 100,000 applicants for allotment of Tata Nano have been selected by Tata Motars. The selection was done by computerised random selection process.
The deliveries which will commence from July this year, are expected to be completed by Q4-2010. The company has confirmed 'ex-showroom prices' for these first 100,000 allottees.
The retainees on the booking-list will be entitled to interest at rate of 8.5 percent on the booking fee if the car is delivered 'within' 2-years from the date of allotment, which is June 23, 2009, and at rate of 8.75 percent if delivery is made 'after' two years from the date of allotment. The company will pay the interest directly to the retainees.
The company will also offer retainees discount vouchers of Titan and Westside, besides an exclusive offer on the Tata Indica car range, which will be also extended to unsuccessful applicants.
The bookings for Tata Nano which began on April 1 across the country, was well received with filing of 2.03 lakh applications for different variants of small car -Tata Nano.
Most of the bookings (as many as 70 percent) were done through loans, of which nearly 50 percent of the bookings were through SBI.
Showing posts with label allotment letters. Show all posts
Showing posts with label allotment letters. Show all posts
Allotment Results - Know the status of your booking
In all, Tata Motors received 206703 applications for the Nano. It also said deliveries to the first batch of 100000 applicants will begin in July. And today is tata nano lucky draw results, With launch of NANO Car, 55,021 applicants for its Nano who missed out on an allotment of the first 100,000 units of the small car had retained their bookings.
For Allotment Faq's click here..
check Allotment Results - Know the status of your booking tata motors, tata nano booking, tata nano car, tatanano, tata nano lucky draw
The Tata Motors has finalized 1.55 lakh customers for its small-car Nano. The Nano is the world's Cheapest Car. The company will start delivering from next month. Tata Motors, would deliver the first one lakh cars by March 2010, while the handing over of the Nanos in the next phase to 55,021 customers would start thereafter.
There were 2,06,703 applicants out of which first 1,00,000 had been selected. The company has also completed the selection process for the second phase by alloting slots to 55,021 customers. The entire selection process was done through a computerised lottery.
For Allotment Results - Know the status of your booking visit : www.tatanano.com
For Allotment Faq's click here..
check Allotment Results - Know the status of your booking tata motors, tata nano booking, tata nano car, tatanano, tata nano lucky draw
The Tata Motors has finalized 1.55 lakh customers for its small-car Nano. The Nano is the world's Cheapest Car. The company will start delivering from next month. Tata Motors, would deliver the first one lakh cars by March 2010, while the handing over of the Nanos in the next phase to 55,021 customers would start thereafter.
There were 2,06,703 applicants out of which first 1,00,000 had been selected. The company has also completed the selection process for the second phase by alloting slots to 55,021 customers. The entire selection process was done through a computerised lottery.
For Allotment Results - Know the status of your booking visit : www.tatanano.com
Tata Nano customers Get allotment letters soon say'sTata Motors
A lakh Tata Nano customers, most of them from small towns, will begin getting their allotment letters this week. Over 70% of the 2.03-lakh bookings have come from these towns.
Tata Motors, which closed bookings for the Nano on April 25, is expected to start delivering the car by early-July and complete the process by the last quarter of 2010.
“Tata Motors will announce the first 100,000 allotments for the Nano within 60 days of the closure of bookings on April 25, 2009,” said a company spokesperson.
The company announced earlier that one lakh customers would be selected through a computerised random selection procedure, with the remaining — numbering just over a lakh — being given the option of retaining the booking.
The company will also announce the allotment to these 1.03 lakh applicants, who will get the Nano at a higher price, and earn interest on their booking amount with effect from July.
At the time of the Nano launch in March, the company had said only one lakh customers will get the car “at the currently announced price”.
Among the three variants of the Nano car, the base version accounted for 20% of the bookings, followed by the CX variant at 30% and the remaining 50% for the top-end LX variant. “The Tata Nano is unlikely to contribute significantly to Tata Motors’ revenues in 2009-10 as the initial volumes are low. However, as the booking amount is higher for the top-end variant, the margins will be better. A lot will depend on product performance and how
fast the Sanand capacity comes up,” said an analyst from a Mumbai-based brokerage.
The company, which is currently manufacturing the Nano from its interim facility at Pantnagar, has a capacity to manufacture 50,000 cars per annum, which it plans to raise to 2.5 lakh units once its new plant at Sanand in Gujarat starts in December.
Tata Motors had a slew of car launches lined up this year. The company is also understood to be gearing up to launch its premium luxury cars — the Jaguar Land Rover on June 28 and the new Indigo in a few months’ time.
Tata Motors, which closed bookings for the Nano on April 25, is expected to start delivering the car by early-July and complete the process by the last quarter of 2010.
“Tata Motors will announce the first 100,000 allotments for the Nano within 60 days of the closure of bookings on April 25, 2009,” said a company spokesperson.
The company announced earlier that one lakh customers would be selected through a computerised random selection procedure, with the remaining — numbering just over a lakh — being given the option of retaining the booking.
The company will also announce the allotment to these 1.03 lakh applicants, who will get the Nano at a higher price, and earn interest on their booking amount with effect from July.
At the time of the Nano launch in March, the company had said only one lakh customers will get the car “at the currently announced price”.
Among the three variants of the Nano car, the base version accounted for 20% of the bookings, followed by the CX variant at 30% and the remaining 50% for the top-end LX variant. “The Tata Nano is unlikely to contribute significantly to Tata Motors’ revenues in 2009-10 as the initial volumes are low. However, as the booking amount is higher for the top-end variant, the margins will be better. A lot will depend on product performance and how
fast the Sanand capacity comes up,” said an analyst from a Mumbai-based brokerage.
The company, which is currently manufacturing the Nano from its interim facility at Pantnagar, has a capacity to manufacture 50,000 cars per annum, which it plans to raise to 2.5 lakh units once its new plant at Sanand in Gujarat starts in December.
Tata Motors had a slew of car launches lined up this year. The company is also understood to be gearing up to launch its premium luxury cars — the Jaguar Land Rover on June 28 and the new Indigo in a few months’ time.
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