"Personally, to say the least, I feel very excited that we were able to go to the last mile to implement Plan B and launch the vehicle in March this year instead of December (this year) or January (next year)," Tata said.
Tata said that all preferred financiers would roll-out their booking schemes within three days.
The rate of interest on the loan would be decided by the banks that provide the loans, Ravi Kant said, adding that several banks would be providing loans including public sector banks.
The Sanand plant would have a capacity of 2.50-lakh (250,000) units per annum which could later be expanded to half-a-million, Tata said.
The model would meet BS II, III and IV norms which are equivalent to Euro II, III and IV norms, Tata said.
The four-and-a-half metre car will be emitting less carbon than even two-wheelers and hence, Tata did not subscribe to the view that it would aggravate pollution.
The 623 cc car would initially be available in three variants and can seat four persons comfortably and has the highest mileage of 26.6-kilometre per litre.
The snub-nosed vehicle will be available in one standard and two deluxe versions including air-conditioning and power windows.
Image: Tata Nano luxury model. | Photograph, courtesy: Tata Motors
Also see: Nano may fetch resale premium of Rs 30,000
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