Tata Motors does not want to dissatisfy those who have booked its Nano at Rs1lakh. The existing cost hike for the raw materials and input prices may demand the company to hike the price but Tata is firm to deliver at the booked price. The MD of Tata disclosed that any hike in the price of Nano will be assessed only after the delivery of the pending bookings.
The company is not in a hurry to discuss about the price hike right now. Tata got the bookings for Nano from 1.55lah customers among the 2.06 applicants. Of these 1 lakh cars will be delivered by March 2010 and the rest will be delivered during the second phase. So far(till November) the world’s cheapest car reached some 13924 owners.
Tata committed the ex-showroom price of Nano to nearly first 1 lakh bookings and the three variants are available in the price range of Rs1.23 – Rs1.72 lakhs.