News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 15 years ago
Home  » Business » Tata to hand over first Nano on Friday

Tata to hand over first Nano on Friday

Source: PTI
July 16, 2009 18:26 IST
Get Rediff News in your Inbox:
Five years after his promise to build a people's car, Ratan Tata will hand over the key of his dream project - the Nano - to its first customer on Friday.

From the birth of the dream in 2003, to its launch in 2008 and finally its delivery in 2009, the Nano's journey has been anything but smooth.

The car, first showcased at the Delhi Auto Expo last year, was at the centre of much controversy as its proposed plant site in West Bengal became a rallying point for Mamata Banerjee and her party to gain political mileage.

The controversy surrounding the site led Ratan Tata to abandon Singur and shift the Nano's production to Gujarat.

But the overwhelming support for Tata's dream car was evident when the booking opened early this year. Despite the slowdown in the auto sector, the car attracted over 2.05 lakh bookings.

In the first lot over 1.55 lakh cars would be delivered and the first one lakh will be sold at the announcement price of Rs 1 lakh, making it the cheapest four-wheels in the world.

Tata had earlier said that 'a promise is a promise' and keeping his promise he would hand over the first car on Friday at the price-protected rate.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!