Chairman of Tata Motors Ratan Tata said on Monday that the bookings for Tata Nano would remain open from 9 April to 25 April and the delivery will start in July. The minimum down payment would be Rs 2,999 for Nano, which would come in three models.
The ex-showroom price of the base model would be Rs 1 lakh.
The application forms will be available for Rs 300 at 30,000 locations across 1,000 cities, he said.
In the intitial stage, one lakh applicants would be allotted the cars randomly and they would not be given any interest on their booking money, he said. The company would however pay 8.5 per cent interest to applicants who don’t feature among the first one lakh buyers.
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