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Bookings begin for Nano, buyers throng showrooms

Apr 10, 2009 12:19 AM IST Auto Auto

New Delhi: The world's cheapest car, the Tata Nano started taking bookings on Thursday. Its mid and top end variants already seem popular with consumers. An increasing number of potential buyers could be paying upfront rather than taking the financing route.

"Its a good replacement for a scooter or a bike. We can go for a drive in the car and it isn't that small," said a buyer.

On day one hundreds of people payed up to get their dream car and retired banker Kamal Kumar Tandon was one of them.

"I am very happy and excited, this is my first car ever," said Tandon.

So if you are interested here's how you can book a Nano:

  • 18 banks, including SBI are offering loans

  • The booking amount for the base model is Rs 95,000

  • 1,20,000 for the CX version

  • 1,40,000 for the premium LX model

  • Bookings close on April 25

What is interesting is that the Tatas are leaving no opportunity to cash in on the frenzy of the Tata Nano. Their latest temptation being a Rs 300 discount on a Tata Sky connection if you book a Nano.

In fact Tata motors is expected to make over Rs 400 crore just from the sale of the Nano booking forms.

Consumers like Kamal Tandon will have to wait till July to finally see if they are lucky enough to ride along or step out of from the race for the people's car.