Nano showroom and Nano loans

Hyderabad, July 16 (ANI): Tata Motors, India's leading auto major, has rolled out its first commercial consignment of Nano, the world's cheapest car, at Hyderabad. Residents in the Twin Cities of Hyderabad and Secunderabad had been eagerly waiting for the Tata Nano car, costing just over rupees one lakh.
They contended that this car is a boon for the middle class society.

NANO LOANS:
The Nano is set to hit the road in a matter of days. But for the close to 70,000 consumers who booked it through loans, there could be some bad news. Banks have turned cautious. Reason: the low ticket size of the loan that means higher cost of execution. Banks CNBC-TV18 spoke to said the cost of servicing a two-wheeler loan is as high as 25% and which is one reason many banks have been switching off from that segment. The ticket size for the Nano is between a two-wheeler and any other car, and the cost is working out to between 18–20%. And with the rate of interest around 10%, it is making little sense for banks to push these loans.

The bigger issue for banks is the tightening of internal norms they have been carrying out over the past few months. Several banks have been more keen to give loans only to customers of the bank. A leading PSU bank told CNBC-TV18 they are waiting for the car to be delivered before they extend the loan. Moreover, while few details were asked from consumers at the time of booking like a photo ID and residential proof, income and guarantor details are only now being sought prior to sanctioning the loan.

Bankers say many who have booked the Nano have a profile that matches that of a two-wheeler loan taker. And this is a segment from which several banks have turned away owing to higher defaults.

It is learnt that banks are in active dialogue with Tata Motors to avert a potential dispute considering the MoU signed between Tata Motors and banks stating that all loans need to be processed by July 23 else a penalty of Rs 3,000 on banks will be charged.

Moreover, banks are hoping for some financial support from Tata Motors. When contacted, Tata Motors said, "Banks will apply the same norms, including interest rates, for providing loans to Nano customers as that for their customers for any other car."
Source:moneycontrol.com

Know your Nano

After all the troubles and delays the worlds cheapest car, Tata's Nano has hit the roads! Tata Motors unveiled the car in January last year and received an overwhelming response both nationally and internationally. In Photo: The bonnet of a Tata Motors' Nano car is seen lifted at the company's plant in Pimpri, 160 km (100 miles) southeast of Mumbai, India. Engineers stripped away everything they could on Tata Nano, the $2,000 automobile designed for poor Indians, which goes on sale in India next month. The car is 10.2 feet (3.1 meters) long, 4.9 feet (1.5 meters) wide, and 5.6 feet (1.7 meters) high, and gets an impressive 55.5 miles to the gallon (23.6 kilometers per liter). Tata Motors says it emits 12 percent less carbon dioxide than two-wheelers made in India. The engine of the car is situated at the rear of the car.
Tata has rolled out 50 cars for now from it's Pantnagar factory in Uttranchal. The land disputes at its planned site in West Bengal and a subsequent transfer of its manufacturing facility to Sanand near Ahmedabad, in Gujarat, resulted in delaying the project by over six months. The bookings were opened in April this year. In Photos: Tata Group Chairman Ratan Tata, right, speaks as Gujarat state Chief Minister Narendra Modi looks on during a press conference after the signing of an agreement between the state government and Tata Motors, in Gandhinagar. The Nano, billed as the world's cheapest car, has found a new home in the Western state of Gujarat, after weeks of violent farmer protests forced Tata Motors to shutter its $350 million Nano factory in West Bengal.
Tata Motors has kept its promise of delivering the car to its first one lakh customers at the ex-showroom price of Rs 100, 000. In Photos: Tata Sons Chairman, Ratan Tata poses alongside the Tata Nano, at its launch in Mumbai, India. Tata Motors launched its snub-nosed, US$2,000 Nano, in Mumbai, a vehicle meant to put car ownership within reach of millions of the world's poor. The Nano, starting at about 100,000 rupees ($1,980), is 10.2 feet (3.1 meters) long, has one windshield wiper, a 623cc rear engine, and a diminutive trunk, according to the company's Web site.

NANO LAUNCHED, Tata Nano price

Tata Motors on Monday announced that the Tata Nano Standard version (BS2) will be priced at Rs 1 lakh (Rs 100,000) ex Factory Pantnagar (excluding transportation charges and VAT) thereby delivering on the promise made at the unveiling of the car at the Auto Expo in New Delhi last year on January 10, 2008.

The company announced the price at the launch ceremony in Mumbai this evening in the presence of Ratan N Tata, chairman of the Tata Group.

Prices: Ex-showroom

The prices of the three trim levels of the Tata Nano launched on Monday are:
Tata Nano Std (BS3 )
Ex Showroom PantNagar (Rs)120,960
Ex Showroom Delhi ( Rs)123,360
Ex Showroom Mumbai (Rs) 134,250

Tata Nano CX Solid Paint (BS3)
Ex Showroom PantNagar (Rs)145,725
Ex Showroom Delhi ( Rs)148,360
Ex Showroom Mumbai (Rs) 160,320

Tata Nano CX Metallic Paint (BS3)
Ex Showroom PantNagar (Rs)148,725
Ex Showroom Delhi ( Rs)151,360
Ex Showroom Mumbai (Rs)163,320

Tata Nano LX Metallic Paint (BS3)
Ex Showroom PantNagar (Rs)170,335
Ex Showroom Delhi ( Rs)172,360
Ex Showroom Mumbai (Rs)185,375



Trim level /Variant
Booking amount (Rs)
Tata Nano Std. ( BS2 and BS3)95,000
Tata Nano CX ( BS2 & BS3)120,000
Tata Nano LX ( BS3)140,000

The sale of application forms and acceptance of booking will start from April 9 till the end of day April 25.

The application forms will be available at a price of Rs 300, with a range of offers from select associate Tata Group companies. The application forms will be available at over 30,000 locations in about 1,000 cities through Tata Motors passenger car dealerships,

State Bank of India and its branches, its subsidiaries and associates, other preferred financiers, and outlets of Westside, Croma, 'World of Titan' and Tata Indicom exclusive stores.

Nano's European avatar revealed

Tata Motors showcased the Tata Nano Europa which is intended for a future launch in select international markets at the 79th Geneva Motor Show.
The Nano Europa encompasses additional features as compared to the car destined for India in order to make it more suitable for European driving conditions as well as meet European regulations.

Speaking on the occasion at the Geneva Motor Show, Ratan Tata, Chairman of Tata Sons and Tata Motors, said, "In India, the Nano will be launched on March 23, and the cars will be on display at company dealerships from the first week of April. The Nano has also generated wide interest in developed countries, since it's unveiling in Delhi and its presentation here last year. We are delighted to present the Nano Europa for future launch in such markets."

As compared to the version destined for India, the Nano Europa comes with a slightly longer wheelbase of 2.28 metres which marginally increases interior space. However unlike India, the Europa will come fitted with a 3 cylinder all aluminium MPFI engine mated to a 5 speed automatic gearbox.

The car will also have electric power steering. Tata promises that the Nano Europa, despite the larger engine, will continue to be extremely environmentally friendly and offer extremely low CO2 emissions - somewhere in the league of 100gm per kilometer. Safety has been increased on the Europa by offering the car with ABS, ESP and airbags.

Just like the Tata Nano, the Tata Nano Europa incorporates exterior compactness with interior comfort and seeks to provide motorists the pleasure and utility of personal mobility combined with affordability and environmentfriendliness , in a world where smaller, fuel-efficient cars are emerging as a preferred choice.
Source:economictimes.indiatimes.com/articleshow/4225967.cms

Want a Nano Hybrid?

Tata Nano is it the development stage with Delphi for manufacturing a component to save on fuel costs.It will be costlier by around Rs 3500 compared to a regular car.
It works like this - the moment the vehicle is stopped at a signal, the engine auto shuts off.When you press the clutch, it restarts the engine.
Thats a nice logic, saying we shall save billions of liters of fuel in traffic jams!
way to go NANO....

Tata Nano finally launching

The Nano, slated to be the world's cheapest car, will finally go on sale in April after months of delay caused by problems at its main production plant.

Tata Motors, India's largest vehicle maker, said on Thursday it would formally launch the Nano on March 23, and buyers could start ordering the model by the second week of April.

"The cars will be on display at Tata dealerships from the first week of April," the company said in a statement.

The Nano, expected to be priced at around 1 lac(also known as 1 lac car), was unveiled with great fanfare at the Delhi autoshow in January 2008, and should have gone on sale in October.
The car will be available in standard and deluxe versions. Both versions will offer a wide range of body colors, and other accessories so that the car can be customized to an individual's preferences.

Stylish, comfortable

- Designed with a family in mind, the Nano has a roomy passenger compartment with generous leg space and head room.

- Can comfortably seat four persons. Four doors with high seating position make ingress and egress easy.

- With a length of 3.1 meters, width of 1.5 meters and height of 1.6 metres, with adequate ground clearance, it can effortlessly manoeuvre on busy roads in cities as well as in rural areas.

- Its mono-volume design, with wheels at the corners and the powertrain at the rear, enables it to uniquely combine both space and manoeuvrability, which will set a new benchmark among small cars.

Fuel-efficient engine

- The Nano has a rear-wheel drive, all-aluminum, two-cylinder, 623 cc, 33 PS, multi point fuel injection petrol engine. This is the first time that a two-cylinder gasoline engine is being used in a car with single balancer shaft.

- The lean design strategy has helped minimize weight, which helps maximize performance per unit of energy consumed and delivers high fuel efficiency.

- Performance is controlled by a specially designed electronic engine management system.

Meets all safety requirements

- The Nano's safety performance exceeds current regulatory requirements. With an all sheet-metal body, it has a strong passenger compartment, with safety features such as crumple zones, intrusion-resistant doors, seat belts, strong seats and anchorages, and the rear tailgate glass bonded to the body.

- Tubeless tyres further enhance safety.

Environment-friendly

- The Nano's tailpipe emission performance exceeds regulatory requirements. In terms of overall pollutants, it has a lower pollution level than two-wheelers being manufactured in India today.


- The high fuel efficiency also ensures that the car has low carbon dioxide emissions, thereby providing the twin benefits of an affordable transportation solution with a low carbon footprint.

TATA Nano Luxury Model

Car comparision

Tata Nano vs Maruti 800
1. Manufacturer

Maruti 800 - Maruti 800 is a city Car manufactured by Maruti Udyog

Nano Car – Tata Nano Car is a people’s car manufactured by Tata Groups.

2. Price

Maruti 800 - Maruti 800 in India sold at around $5000.

Nano Car – Tata Nano Car with the standard version would be priced at Rs 1 Lakh for dealers (excluding VAT).

3. How much CC are the Maruti 800 and Nano Car?

Maruti 800 - Maruti 800 is a Car with a 796 cc.

Nano Car – Tata Nano is a Car with a 623 cc.

4. No. of cylinders in each car?

Maruti 800 - Maruti 800 is a three cylindered with 4 stroke cycle, water cooled SOHC.

Nano Car – Tata Nano is a two-cylinder non-opposed petrol engine.


5. Engine Power:

Maruti 800 - 37 bhp at 5000 rpm
59 Nm at 2500 rpm

Nano Car - 33 PS (33 hp/24 kW) @ 5500 rpm
48 N•m (35 ft•lbf) @ 2500 rpm

6. Engine Power:

Maruti 800 - It’s steering is a mechanical Rack & pinion.

Nano Car – It’s steering is a mechanical Rack & pinion.

7. Power Transmission:

Maruti 800 - 4-forward, all synchromesh, 1 reverse.

Nano Car - Rear wheel drive, 4-speed manual transmission

8. Maximum speed:

Maruti 800 - Maximum speed for Maruti 800 is 125 km/h (78 mph).

Nano Car - Maximum speed for Tata Nano is 105 km/h (65 mph).

9. Fuel economy:

Maruti 800 - Deliver fuel economy better than 20 km/l (47 mpg) on clear and plain roads.

Nano Car - Fuel economy (combined City + Highway): 20 kilometres per liter (5 L/100 km, 47 US mpg).


10. Ground Clearance:

Maruti 800 - 170 mm (6.7 in).

Nano Car - 180 mm (7.1 in).

11. Car’s Suspension:


Maruti 800 - Front suspension: McPherson struts & coil spring.
Rear suspension: Coil spring with gas filled shock absorbers.

Nano Car - Front suspension: McPherson strut with lower A arm.
Rear suspension: Independent coil spring.

12. Car’s Wheels:

Maruti 800 – It’s runs on 12 inch (305 mm) wheels.

Nano Car – It’s also runs on 12 inch (305 mm) wheels.


And me as a Tata Nano Lover :)

Nano Standard Model

Gujarat Gets Tata's Nano Plant

Tata Nano, the revolutionary small car from Tata Motors has a new home. The chairman of the Tata Group Ratan Tata on Tuesday announced the relocation of the Rs 2,000-crore Tata Nano project to Gujarat from Singur in West Bengal.
Tatas have got 1,100 acres of land at Sanand, about 35 kilometers from Ahmedabad. Members of the state cabinet and senior officials of the Tata group were present during the signing of the agreement. The mother plant was earlier meant to be located at Singur.
Tata said that the group had opted for Gujarat because it had "already lost a lot of time (in the Singur controversy) and urgency was the need of the day." "We had an urgency to move to a new location." The chairman said that the 'reputation of Gujarat' and the 'speed' at which provisions were made, forced him to opt for Gujarat.
This project, which will help Gujarat create it's own space in surface transportation, Mr. Modi said that the state is already known for the ship-breaking industry and had the likes of Bombardier at Vadodara which manufactures deluxe train coaches.

The chief minister also related a 100-year-old incident, when Ratan Tata's grandfather, Jamshedji Tata had helped Gujarat by donating Rs 1,000 during a famine to save cattle.