Tata Motors announced open sales of the Tata Nano in Gujarat, Andhra Pradesh, Jharkhand, Bihar, Madhya Pradesh and Chhattisgarh from November 22, 2010. Residents of these states, who are desirous of driving home a Tata Nano but had not booked the car during 2009, will be able to purchase a Tata Nano now.
Customers will be able to take a closer look at and test drive the Tata Nano across all Tata Motors dealerships and special Nano access points.
Tata Motors’ new 250,000 cars/year plant at Sanand (Gujarat) is fully operational. Production at the plant is being speedily ramped up, for instant delivery.
Tata Nano sales have already begun in Kerala (since August 2010), and in Karnataka, Maharashtra, Uttar Pradesh and West Bengal (since October 2010).
Tata Motors has tied up with 26 banks to offer customers with loans for purchasing the Tata Nano at attractive rates of interest. More such arrangements are in process.
|Bank/NBFC||Tenure (up to) of years||LTV (upto)||Rate range|
|State Bank Of India||7||85% (on-road)||8% to 11.5%|
|Central Bank of India||7||85% (on-road)||9.5% to 11%|
|United Bank of India||6||90% (Ex Showroom)||10% to 11%|
|HDFC Bank||5||90% (Ex Showroom)||11% to 12.5%|
|ICICI Bank||5||90% (Ex Showroom)||10.5% to 11.5%|
|TATA Motor Finance||4||90% (Ex Showroom)||11% to 15%|
|UCO Bank||5||85% (on-road)||10.5% to 11%|
|Bank of Baroda||7||85% (on-road)||9.75 to 10.5%|
|State Bank of Patiala||7||85% (on-road)||8% to 10.5%|
|State Bank Of Hyderabad||7||85% (on-road)||11% to 11.5%|
|Indus Ind Bank||4||90% (Ex Showroom)||12% to 18%|
|State Bank Of Mysore||7||85% (on-road)||11% to 12%|
|Punjab National Bank||7||90% (on-road)||10.50%|
|Vijaya Bank||6||80% (On Road)||9.50%|
|Reliance Consumer Finance||2||80% (Ex showroom)||12.50%|
|Canara Bank||6||90% (on-road)||10%|
|Corporation Bank||7||85% (on-road)||8% to 10%|