Tata Motors chooses first 100,000 owners of Nano; deliveries to begin in July
June 23, 2009
Tata Motors Ltd said it has completed the process to select the first 100,000 owners of the Tata Nano through a computerised random selection process from among the 206,703 final applicants who had booked the car. The company said the process would be completed within 60 days of the closure of booking on 25th April.
Deliveries will begin from July and the first 100,000 deliveries are expected to be completed by the last quarter of 2010, the company said. Tata Motors also reconfirmed that the first 100,000 owners are price-protected, and will get their Tata Nano at the ex-showroom prices.
Tata Motors, the country’s largest vehicles maker also said it is making all efforts to deliver the Nano earlier than schedule by ramping up production at the already operational Pantnagar plant and the fast upcoming Sanand plant.
The booking process had also given the option to applicants to indicate whether they would like to retain their booking amounts with the company, even if they do not get selected among the first 100,000 allottees, and await delivery of their cars after them.
The company said 137,867 or about 67% applicants had chosen this option, from which a further 55,021 retainees have been made allotments. The booking amounts of the unsuccessful applicants, who had not exercised this option, would be returned, it added.
Tata Motors said although it will inform all the applicants about their current status, the applicant can also check it on the company website www.tatanano.com, using their booking application number or calling Tata Motors call center on 020-66495678.
The deliveries to the 55,021 retainees will begin after the first 100,000 deliveries. The retainees will also benefit from an interest of 8.5% on their booking amount if the car is delivered within two years from the date of allotment (23rd June 2009) and 8.75% if the car is delivered after two years from the date of allotment, it added.
Tata Motors, along with the confirmatory letter, is also making an offer to retainees on its Indica range over and above any current scheme on these cars in the market, in addition to discount vouchers of Titan and Westside which can be used at any outlet of these companies across India. Unsuccessful applicants will also be given the same offer, the company said.