Bookings for Tata Nano start

Mumbai, Apr 9 (PTI) Bookings for Tata Motors' much-waited
small car 'Nano' started across the country Thursday and will
continue till April 25.

"Bookings (for the Nano) began today morning and we hope
the response will be encouraging," a Tata Motors spokesperson
told PTI here.

The sale of application forms for the Nano started on
April 1 and the response has been "very encouraging", the
company said in a statement.

The Tata Nano website has recorded over five crore hits,
including over two crore hits in the fortnight since the
Nano's launch on March 23, the statement said.

The application forms were sold through over 30,000
locations in about 1,000 cities pan-India through Tata Motors'
passenger-car dealerships, State Bank of India branches as
also through those of its subsidiaries and associates and
other preferred financiers.

The forms were also sold through Tata group companies
such as Westside, Croma, World of Titan and Tata Indicom.

Within 60 days of closure of bookings on April 25, Tata
Motors will process and announce the allotment of 1,00,000
cars in the first phase of deliveries, through a computerised
random selection procedure.

The one lakh allotments would be price-protected for the
launch prices till delivery of the cars, but the booking
amount would not bear any interest for the customers.

Deliveries will commence from July 2009, Tata Motors
said.

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 would 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 per cent for the retention period between one year and two
years and 8.75 per cent for a period of more than two years,
the company statement added. PTI JJ
PMR
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