Tata Nano more popularly known as 1 lakh car will no more carry the tag of 1 lakh. Tata Motors have increased the price of Nano by nearly Rs. 6,000 due to rising input costs, but will retain the rate promised to the first 1 lakh customers of the low-cost car. The entry-level price of a Nano is Rs 1.23 lakh while a deluxe variant costs Rs 1.72 lakh.
Tata Motors has handed over nearly 45,000 Nano’s since it started delivery last July. It plans to deliver cars to the remainder of 1 lakh customers who were selected through a lottery last year from 2.06 lakh bookings before December.
The company also announced it would reward customers for bearing with the company through a delay in delivery due to capacity constraints.
However there seems to be some good news, as a gesture of goodwill, the company has announced a choice of one-year free annual maintenance contract, or free accessories worth Rs 4,000, or an extended warranty.
Tata Motors has been steadily increasing the Nano’s production after its Sanand plant began running since June. The plant can produce 2.5 lakh units a year.