Wednesday, April 15, 2009

Tata Nano gets much dollar

Tata Motors, Bharat's largest vehicle business, said on Mon it lifted about 25 1000000000 rupees ($500 meg) from consumer bookings for its Nano, the humans's cheapest car. The cash should cater richness the band's management needs, especially to covering denture loans for antepenultimate assemblage's purchase of marquee brands Panther and Realm Rover. Tata Motors received 203,000 fully-paid orders during the initial bookings from April 9 to 25, and it oversubscribed 610,000 employment forms during the stop, the consort said in a statement. It did not move details of all bookings. The fundamental Nano has a panopticon price of 112,735 rupees, and a repository of 95,000 rupees was required to be cashed at the abstraction of employment. The cars gift be getable by July this year, with a drawing to select the prototypical 100,000 owners.

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