Business OpportunitiesNo Nano price hike, confirms Tata Motors
Tata Motors has said all the existing bookings of the Nano will be delivered at the current prices, notwithstanding the rising input prices.
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"The current bookings will be executed at the price already committed and we have a long way to finish the current bookings. So, it is too early to talk about raising the prices of the Nano," Tata Motors Managing Director Prakash M Telang told PTI.
However, when asked if the company could consider increasing the prices of its other models, Telang remained non-committal, he said: "Steel and tyre prices are increasing and all manufacturers have to think about it. We are watching the situation very closely. It is difficult to comment it right now."
In June, the company had selected over 1.55 lakh buyers for its small car wonder Nano, touted as the world"s cheapest car, from a total of 2.06 lakh final applicants. It would deliver the first one lakh cars by March 2010, while the remaining bookings of 55,021 will be delivered in the next phase.
The country"s largest auto company has delivered 13,924 Nanos till November.
Tata Motors had announced that the first one lakh Nano owners would be price-protected at the ex-showroom prices. The Nano is available between Rs 1.23 lakh and Rs 1.72 lakh (ex-showroom, Delhi) for the three different variants.