Nano booking starts tomorrow On April 9 2009

Nano booking starts tomorrow

8 Apr 2009, 2036 hrs IST, PTI



NEW DELHI: The much-awaited bookings for Tata Motors's Rs one-lakh car Nano opens tomorrow across the country for a limited period of 17days.

It is understood that Tata Motors itself has sold over 75,000 booking forms from its 218 outlets across the country, although the forms are available at over 30,000 locations across 1,000 cities at company dealerships, branches of State Bank of India and other preferred financiers, and outlets of Westside, Croma, World of Titan and Tata Indicom.

When contacted, a company spokesperson said 'response is progressively increasing everyday', but declined to divulge details.

In a statement the company said it has joined hands with 18 banks and financial institutions to help customers with the booking process and to provide retail finance facilities. The booking amount ranges between Rs 2,850 and Rs 4,110 among different banks.

While the interest rates on the loan amount would vary between 9% and 14.25%, customers would have to spend Rs 3,468-Rs 4,431 as insurance premium, the company said.