Tata Nano Diesel To Be Launched by September 2011

Tata Nano is one of the cheapest car of the world and the Tata Nano is available all over the India at cheaper rates. Tata Nano Diesel is on the card as well. Tata Nano Diesel will be launch around September 2011, as speculated in recent media reports.

Tata Nano Diesel will be the cheapest diesel car available in India. So far there is no diesel car in the segment A and A+. Earlier this month, the company had announced to offer open sales of the car at all of its 874 sales outlets spread across the Indian market.

Tata Nano Won Gold Prize in 2010 Edison Awards

Tata Nano has won the Gold prize in the Best New Product segment under the Transportation category at the 2010 Edison Awards.

Recognised as America’s innovation award, the Edison Awards (www.edisonawards.com) symbolise the persistence and excellence personified by Thomas Alva Edison. They are judged on marketplace innovation, marketplace success, technological innovation, market structure innovation, societal impact and design innovation.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs.70,938.85 crores ($ 14 billion) in 2008-09. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India.

With over 5.9 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.

Source: Tata Motors

Tata Nano May be More Costlier

As the Tata Motors lauched 1 lakh car, cheapest car Tata Nano; may loose the tag of low priced car in upcoming days. As the steel prices are already hiked by 25% and other raw materials like paints, tires, labour problems etc. has the price hiked as well. That is one of the reason of the price hike for Tata Nano in upcoming days.

That is expectable as the raw materials price go up cost of the product always go up. Now it seems that Tata nano to lost its one lakh price tag that makes it as "world's cheapest car". Tata Motors had earlier stated that it will deliver its first one lakh cars at the promised price but the company spokesperson refuses to confirm about continuation of the existing prices.

Already around 26500 Tata Nano have been delivered to the customers. Tata Motors's mother plant for Tata Nano begins production in April 2010 when it rolls out its first batch of Tata Nano. The new plant is near completion in Gujarat as it was shifted from Singur in West Bengal last year.

Tata Nano Win 'Car of the Year' Award in AUTOCAR AWARDS 2010

Small car Nano, manufactured by the Tata Group, has won Autocar India 2010's ' Car Of The Year ' award. The prestigious award was presented to Ratan Tata by Autocar editor Chas Hallett.

The Bloomberg UTV- Autocar Awards 2010 which were presented by HDFC Bank on January 15th 2010 in Mumbai had most of the industry stalwarts attending the show.The special guest for the evening was Formula 1 racing champion Narain Karthikeyan while the chief guest of the function was Minister of State for Road, Transport & Highways Sri.R.P. N. Singh.

Autocar India said: "The beauty of this car is not its cost, but how much it delivers for so little. Tata had to think out of the box and use innovative engineering to create a car that was desirable, comfortable and safe.

"What is great about this car is the refusal to compromise despite the small price tag. Yes there is evidence of creative cost-saving: flat side glass, a single wiper, no tailgate, no rear wiper, three wheel-nuts instead of four, one door lock instead of two - but it's not something you can't live without.

"The Nano also has an unbelievable amount of interior space. It has more space than some cars that are a segment above.

"Recognition is for the full team that worked on the car, and the challenge now is to exceed expectations," Tata Sons' Chairman Ratan Tata said here.

Tata Nano Wins Indian Car of the Year (ICOTY) Award

The Tata Nano has won the prestigious Indian Car of the Year (ICOTY) award. In its fifth year running and modeled along the lines of the American, European and Japanese Car of the Year, the ICOTY award and Indian Motorcycle of the Year (IMOTY) award have been instituted by leading automotive magazines in India, in association with JK Tyre, to bring the auto industry in India at par internationally in recognising their efforts.

The awards are an expert and independent judgment of all new cars and motorcycles launched in the calendar year in India. An 11-member specialist jury consisting of senior automobile journalists from leading automobile magazines in India got together to vote for the most impressive car and motorcycle on similar parameters to acclaimed international awards for automotive excellence.

After the jury rounds the Tata Nano emerged as the Indian Car of the Year.

The Managing Director of Tata Motors, Mr. P.M. Telang, received the award from the Vice Chairman & Managing Director of JK Tyre Industries Ltd., Dr. R. P. Singhania, at a ceremony in New Delhi on December 20.

This time there was a close contest for the ICOTY award and after all points were tabulated, it was the Tata Nano with 63 points that emerged the victor. Though several vehicles qualified for the 2010 ICOTY, the ten finalists selected by the jury, besides the Tata Nano, were the Chevrolet Cruze, Honda Jazz, Fiat Linea, Fiat Grande Punto, Maruti Suzuki Ritz, Mahindra Xylo, Skoda Superb, Tata Indigo Manza, and Toyota Fortuner.

The expert jury members of the 2010 ICOTY included Yogendra Pratap and Vikrant Singh of Auto Bild India, Gautam Sen and Bob Rupani of Auto India, Bijoy Kumar Y and Srinivas Krishnan of Business Standard Motoring, Aspi Bhathena of Car India, Sirish Chandran and Bertand D’souza of Overdrive and Vardhan Kondvikar and Girish Karkera of Top Gear India. All these jury members evaluate and test cars as part of their journalistic work and are known for their analytic skills and professional competence. Once a year they come together to vote for the ICOTY.

Source: Tata Motors

First Tata Nano Delivers to Ashok Raghunath Vichare of Mumbai

Tata Motors is pleased to announce that Mr. Ashok Raghunath Vichare of Mumbai has become the first customer in India of the Tata Nano. Mr Ashok Raghunath Vichare also become first owner of the world's cheapest car. Mr. Vichare received his choice, the Tata Nano LX (Lunar Silver), at the hands of the Chairman of Tata Sons and Tata Motors, Mr. Ratan N. Tata, at the company's dealership, Concorde Motors, today.

Speaking on the occasion, Mr. Tata said, "I hope the Tata Nano will bring motoring pleasure to those who will be buying their first car as also those who currently own cars but want a modern, contemporary, emission-friendly city car."

Along with Mr. Vichare, two other customers, Mr. Ashish Balakrishnan (Tata Nano LX – Sunshine Yellow) and Kores India Limited (Tata Nano LX – Lunar Silver), also received their cars today.

As planned, Tata Motors has commenced deliveries of the Tata Nano this month to different towns and cities of the country. Despatches to dealerships have begun from the Pantnagar plant, where the car is being produced, in accordance with schedules informed to customers.

About Tata Motors
Tata Motors is India's largest automobile company, with consolidated revenues of Rs.70,938.85 crores ($14 billion) in 2008-09. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 4 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com )

Source: Tata motors Press

2.03 Lakh Bookings for Tata Nano; Over 2500 Crore Rs. Paid

The Tata Nano has drawn over 2.03 lakh fully paid bookings amounting to nearly Rs.2,500 crores, in an encouraging response to the car launched on 23rd March.

The Tata Nano website recorded an unprecedented 3 crore (30 million) hits from the date of launch of the car to the closure of the booking period (25th April, 2009), nearly 1 million hits a day. About 14 lakh people walked in to Tata Motors’ Showrooms, Croma and Westside stores across the country to catch a glimpse of the car. A total of 6.10 lakh forms were purchased from the booking centres. 70% of the 2.03 lakh bookings received were financed, while 30% of the applicants booked in cash by paying fully. About 4,000 cash bookings were made online through www.tatanano.com, a first for the auto industry in India. Among the three variants of the car, 20% bookings are for the Nano Standard, 30% for the Nano CX and the remaining 50% for the top-end Nano LX.

As announced on 23rd March, the first 100,000 allottees from among the applicants will be chosen through a computerised random selection procedure, and the announcement will be made within 60 days of closure of the booking. Deliveries will start in July 2009, and are expected to be completed in the last quarter of 2010, while all efforts would be made to ramp up production and deliver earlier.

Simultaneously along with the announcement of the first 1 lakh successful allottees, Tata Motors will also announce the allotment of those booking applicants who have expressed their interest in retaining their bookings with the company even if they do not form part of the first 1 lakh allottees. The retainees will earn an interest on their booking amount, effective from that date. The booking amounts of unsuccessful applicants who have not chosen to retain their booking amounts will be refunded at the same time.

Tata Motors places on record its gratitude to the people of India for according such a warm welcome to the Tata Nano, and to all its preferred financiers, dealers and partner companies in making the Tata Nano far more accessible.

Source: Tata Motors India

Tata Nano: Price, Booking Process & Bank Loan Interest Rate

The booking of the Tata Nano opens tomorrow on April 9th and will continue up to the end of day on April 25, 2009. Tata Motors has entered into agreements with 18 preferred banks/NBFCs to enable prospective customers to get finance and facilitate booking of the car.

The sale of application forms has already started from April 1, to a very encouraging response. The Tata Nano website has recorded over 50 million (5 crore) hits, including over 20 million (2 crore) hits in the fortnight since the launch on March 23, 2009. The forms are available at a price of Rs.300 (for online booking Rs.200). The forms can be bought at over 30,000 locations in about 1,000 cities through Tata Motors Passenger Car dealerships, State Bank of India and its branches, its subsidiaries and associates, other preferred financiers, and outlets of Westside, Croma, ‘World of Titan’ and Tata Indicom exclusive stores. The forms come with a range of offers from select associate Tata Group companies up to Rs.1100.

Customers can either pay the entire booking amount -- of Rs.95,000 (Tata Nano Std.), Rs.120,000 (Tata Nano CX), and Rs.140,000 (Tata Nano LX) -- themselves or seek financing of the booking amount.

Booking amount financing available from Rs.2850
The company’s partnership with the preferred financing partners has enabled attractive options of financing the booking amount, which start from a low of Rs.2850. The details are as follows:

Preferred banks/NBFCs	Financing of booking amount of Rs.95000 for the Tata Nano Std. version
State Bank of India	Rs. 2,999
Canara Bank	Rs. 2,850
Tata Motor Finance	Rs. 3,199
Corporation Bank	Rs. 2,999
Central Bank of India	Rs. 3,256
Indian bank	Rs. 3,343
State Bank of Tranvancore	Rs. 2,999
State Bank of Bikaner and Jaipur	Rs. 2,999
State Bank of Indore	Rs. 3,516
State Bank of Patiala	Rs. 2,999
State Bank of Hyderabad	Rs. 2,999
State Bank of Mysore	Rs. 2,999
ICICI Bank Ltd.	Rs. 2,999
Union Bank of India	Rs. 2,950
United Bank of India	Rs. 3,137
Punjab National Bank	Rs. 3,733
UCO Bank	Rs. 2,975
The Federal Bank Ltd.	Rs. 4,110
Corporation Bank	Rs. 2,999

Customers can submit their application forms to their chosen financier. The financier will, on their behalf, submit their application forms to the State Bank of India, which is managing the booking process. Those who are themselves paying the entire booking amount can submit their application forms directly to State Bank of India through 1,350 notified branches in 850 cites, and also at Tata Motors Passenger Car dealerships, Westside and Croma outlets. Option to submit bookings online is available at tatanano.com.

Retail auto loan interest rates for the Tata Nano
Post the successful allotment of the bookings, customers can convert their booking loan into a retail auto loan for the Tata Nano at very attractive rates with the preferred financiers:

Preferred banks/NBFCs	Interest rate post Allotment
State Bank of India	11.75%
Canara Bank	9.5-11%
Tata Motor Finance	12 – 13%
Corporation Bank	11-11.5%
Central Bank of India	9.5-11%
Indian bank	11%
State Bank of Tranvancore	11.75-12%
State Bank of Bikaner and Jaipur	11.75%
State Bank of Indore	11.50%
State Bank of Patiala	11.50 – 12%
State Bank of Hyderabad	11.75%
State Bank of Mysore	11.25-11.75%
ICICI Bank Ltd.	13.00%
Union Bank of India	11-11.25%
United Bank of India	9%
Punjab National Bank	11%
UCO Bank	11 – 11.50%
The Federal Bank Ltd.	14.25%
Corporation Bank	11-11.5%

Insurance premium for the Tata Nano
Tata Motors has also entered into agreements with five partner insurance companies to offer comprehensive insurance, under the ‘Tata Motors Insurance’ banner, for the Tata Nano at a rate of just 2.76% of the ex-showroom price of the car, the most competitive in the industry. In New Delhi, the insurance premiums will be as follows:

	Nano	Nano CX	Nano LX
Ex-showroom price New Delhi (Rs.)	123360	148360	172360
Insurance premium (Rs.)	3468	3959	4431

The empanelled insurance companies are National Insurance Co Ltd, ICICI Lombard General Insurance Co Ltd, Royal Sundaram Alliance General Insurance Co Ltd, United India Insurance Co Ltd and HDFC Ergo General Insurance.

Deliveries
Within 60 days of the closure of bookings on April 25th , 2009, Tata Motors will process and announce the allotment of 100,000 cars in the first phase of deliveries, through a computerised random selection procedure. These 100,000 allotments will be price protected for the launch prices till delivery of the cars but the booking amounts will not bear any interest for the customers. Deliveries will commence from July 2009.Applicants have the option to retain their booking deposit, even if they do not get allotment in the first phase. Those who choose this option will be eligible for interest on their deposit, effective from the date of announcement of allotment of the second phase, at a rate of 8.5% for retention period between one year to two year and 8.75% for a retention period of more than 2 years. Allotment of retainees will be simultaneously communicated, along with the allotment of the first 100,000 cars.

source: Tata Motors India