Nano - Smallest and Cheapest Car is Out!

The most awaited "TATA Nano" car is out today. The chairman of Tata Group Ratan Tata launched it today in Mumbai. This is said to be cheapest car with 4-seater capacity, very good mileage of 23+ kmpl. Though people are concerned about the security standards, but Tata hold on to its promise by delivering a Bharat III standard car with the required amount of safety features.

The basic model is Rs. 1.12L (~$ 2200) , while the luxury model is at Rs. 1.70L (~ $3300). People can register for the car by applying in any of the Tata Motors agencies or in State Bank of India as well, and the cars will be given on a lottery basis. SBI has come up with an attractive loans for prospective buyers as well.

There is another attractive offer from Tata. If you apply for the car by paying the minimum amount of 70-80% of the car and if you don't get the car by lottery with in 1year, then you are eligible to get an interest on your money at the rate of 8.5%, so its a no loss for the customer.

But the only concern is once Tata sells 1 lakh carsm it says it might revise the rate, which means probably the first 1 lakh customers are only lucky. If you are one of them, them you are very lucky!!!

URL: http://ibnlive.in.com/news/ratan-tata-launches-nano-in-mumbai/88445-25.html