Tata Motors has selected over 1.55 lakh customers for its small car 'Nano' the delivery of which will start from July this year. The company would deliver the first 1 lakh cars by March 2010, while the handing over of the vehicle in the next phase to 55,021 customers would start thereafter.
"Tata Motors is pleased to announce that it has completed the process to select the first 1,00,000 owners of the Tata Nano from among 2,06,703 final list of applicants, who had booked the car," the company said in a statement.
The company has also completed the selection process for the second phase by allotting slots to 55,021 customers. The booking amount for the car was Rs 95,000 for the base model, Rs 1.2 lakh for the mid-range model and Rs 1.4 lakh for the top-end. "The retainees would be offered 8.5 per cent interest on the booking amount if the car is delivered within two years from the date of allotment and 8.75 per cent if the car is delivered after two years from the date. The interest will be paid directly to the retainees by the company," Tata Motors said.
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