Tuesday, May 5, 2009

Tata Nano Racks Up Over 200,000 Orders

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Tata Group chairman Ratan Tata’s dream of revolutionising the way the people of India move themselves from A to B is set to come true, with some 203,000 paid orders taken and 610,000 booking forms sold in the weeks following the launch of the 2009 Tata Nano.

India’s largest carmaker, Tata Motors revealed the production version of the Tata Nano in January and has since received massive interest both domestically and internationally.

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Despite the bright future for the Nano, Tata has felt the impact of the global financial crisis, and last year’s purchase of Jaguar and Land Rover has caused strain for the carmaker.

Orders for the AU$3060 Tata Nano however are expected to lighten the company’s financial burden, with the car expected to be available from July, when a lottery system will be used to determine the first 100,000 owners.