Nano Booking – How to do Booking for Tata Nano – the one lac car? (2000$ car)
They are expecting significant demand and there is limited production capacity initially (until the Sanand plant is fully ramped up to capacity) so the Tata Nano will be available through a booking mode. For this Tata Motors has entered into an exclusive agreement with the State Bank of India to manage the booking process.
Application form for booking Tata Nano: The sale of application forms and acceptance of booking will start from April 9th 2009 till the end of day April 25th 2009. The application forms will be available at a price of Rs. 300. The application forms will be available at over 30,000 locations in about 1,000 cities through
Application form will be available at
- Tata Motors Passenger Car dealerships
State Bank of India and its branches- Preferred financiers
- Outlets of Westside, Croma, ‘World of Titan’ and Tata Indicom exclusive stores
Submitting the forms / application for Tata Nano: After collecting the forms, customers have two options. They can either pay the entire booking amount themselves or seek financing of the booking amount.
If you seek financiang: For those who seek financing, Tata Motors has entered into agreements with 15 preferred banks/NBFCs for the Tata Nano booking loan product. The booking product offered by these banks will enable a Tata Nano to be booked by paying an amount starting Rs. 2999/- only. Their chosen financier will directly submit their application forms to the State Bank of India on their behalf.
If you want to pay entire amount yourself: Those, who choose to themselves pay their entire booking amount, can submit their application forms 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 www.tatanano.com.
When allottment will be announced: Within 60 days of the closure of bookings (25th June), 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
What is I do not get allottment?: 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.
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