World's cheapest car, Tata Nano, garners big orders

Buyers can start booking the world’s cheapest car, the Tata Nano, on Thursday. The company has entered into agreements with 18 preferred banks/ NBFCs for financing (For the list of banks Click here) and with five partner insurance companies to offer comprehensive insurance, under the ‘Tata Motors Insurance’ banner.

Customers willing to book the Nano can either pay the entire booking amount — which is Rs 95,000 (for the Tata Nano Std), Rs 1,20,000 (Tata Nano CX), and Rs 1,40,000 (Tata Nano LX) — using their own funds or seek financing. Retail auto loan are available at interest rates that range from 9% to 11.75%. The financing of the booking amount available would start from Rs 2,850 for the base model.
(for Tata Nano Models, Specifications,warranty, fuel efficiency,Safety click here)

Tata Motors on Wednesday said that it has entered into agreements with National Insurance, ICICI Lombard General Insurance, Royal Sundaram Alliance General Insurance, United India Insurance and HDFC Ergo General Insurance. The insurance premium would start at Rs 3,468 (ex New Delhi), the company said.

Tata Motors will announce the allotment of 1 lakh units of the Nano through a random selection process in the first phase by June-end (60 days after the last day of the booking which is April 25). Applicants have an option of retaining their booking deposit if they do not get allotment in the first phase.

Customers retaining their booking deposit will be eligible for interest on their deposit, effective from the date of announcement of allotment of the second phase, at 8.5% for a retention period of 1-2 years and 8.75% for a retention period of more than 2 years.

Meanwhile, Tata Motors said there was no problem with the production of the Nano as reported by a section of the media. “As announced by the company earlier, deliveries of the Tata Nano will commence from July,” the company said in a statement.

Please navigate to the relevant section below for further help on how to book your Nano. To find the closest booking center near your house, click here for the Booking Center Locator below. You can also access a price list at any time by clicking here for Price List. We have a list for 30 states, including all major city's.

Tata Motors, the Indian company that also owns Jaguar and Land Rover, has received 203,000 orders for the tiny car that garnered loads of publicity last year as the world's least expensive car, Bloomberg News reports. At that sales level, the Nano would represent about 17% of all cars sold in India. The Associated Press says the sales brought in 25 billion rupees ($512.6 million).


The first Nanos will be made in Pantnagar in northern India, Bloomberg News says. The plant can produce 60,000 a year, but output will increase sixfold when a second plant in added in Sanand in western India at the end of this year. Six analysts surveyed by Bloomberg News last month had estimated Tata Motors would get between 120,000 and 500,000 orders for the Nano.


The Nano was designed as a rupee-pinching alternative for families who currently can only afford motorcycles, not cars. The basic car is powered by a two-cylinder engine, lacks air conditioning or a radio and the seats don't recline.

The model, and other supercheap models like it that could soon follow from competing makers, could have a profound effect on motorists in developed nations, including the United States. That's because Nanos, while fuel thrifty, certainly can't match the gas mileage of the small motorcycles they replace. The developing world is being flooded with new cars, with most of them going to families that have never owned a car. Car sales in China are outpacing overall new cars sales in the U.S.


All those cars are collectively going to need a lot of gas. When the U.S. and world economy recover from recession, there could be unprecedented world demand for oil. That will raise gasoline prices around the world and put small cars with good mileage back in front of the American car business.