Tata Nano will be available through a special booking process due to initial limited production of the car. Following the launch, it will be displayed at all the Tata dealerships and authorized outlets from April 1st 2009. Thereafter, you can book your Nano by filling the application from that will be available at Rs 300 from April 9th 2009 till the end of day April 25th 2009. You can avail these application forms at about 30,000 locations across 1,000 cities at the Tata Motors dealerships, branches of the State Bank of India (SBI), other financiers, and Tata’s outlets including Westside, Croma, Titan showrooms, and Tata Indicom exclusive stores.
You can either make the entire booking amount on your own or take financing of the booking amount. To avail finance, you need to pay an amount of Rs 2999 to the financier who will submit your application to the SBI on your behalf. The company has tied up with 15 banks including the ICIC, Corporation Bank, and the Central Bank of India to provide easy car loan to its customers.
Tata Motors will announce the allotment of 100,000 cars within 60 days of the closure of bookings through a computerized random selection procedure. It will be a lucky draw where only the lucky winners will be able to drive the Nano. And the deliveries of the allotted cars will commence from July 2009.
Another best thing is that if in case you are not allotted the Nano you can either take back the booking amount or you earn an interest in the second phase allotment announcement. You can avail an interest rate of around 8.5% on your booking amount for retention period between one to two year and 8.75% for a retention period of more than 2 years.
That’s bad. First Tata made us wait for the car, then the company is making us wait for booking the Nano. And then still another two months for delivery. The wait for Nano has now really become too long over a period of controversies and hurdles.
Thanks for the information, i was really wondering about it. It seems like a great car. I am definitely going to buy one. But the waiting time is really long. I think the company should be little more faster in delivering as they have already
delayed the Nano launch.
Thats right that the wait for Nano has now become too long but then the wait is worth if you are getting something exciting to own. I also have bought the application for Nano booking from the SBI branch and now I just keep my fingers crossed with a deep desire than one car is allotted to my name as well.
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