Tata Motors Gets Rs 2,500 crore in Nano Bookings
Posted on May 5th 2009Welcome back!
Tata Motors has raised nearly Rs 2,500 crore from the Nano bookings. This cash should support relieve the Tata’s finance requirements, particularly to deal with the bridge loans for buy of marquee brands JLR (Jaguar & Land Rover).
Tata Motors obtained over 2.03 lakh completely-paid orders in first bookings from 9th to 25th April, and the company sold 610K booking forms in same period.
The basic Nano’s showroom cost is Rs. 1,12,735 and required deposit to be paid at the booking time is Rs. 95,000.
The Nano cars will be offered by month of July’09, with the lottery to choose the very first 100K owners.
By editor in Auto Finance, Auto India News, Tata Motors