Tata Motors opens Tata Nano sales in Punjab

Tata Motors today announced open sales of the Tata Nano in the state of Punjab from December 1, 2010. Residents of the state, 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. End Quote

(1888PressRelease) November 30, 2010 - 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 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.

Loans for the Tata Nano will be available at all the branches of these banks. The arrangements are:

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%

Magma Finance 5 85% (ExShowroom) 13.75% to 16.25%
State Bank of Travancore 7 85% (on-road) 11% to 11.25%
L & T Finance 5 90% (Ex Showroom) 16%
Andhra Bank 6 85% (on-road) 10.75% to 11.5%
Family Credit 5 85% (Ex Showroom) 13.5% - 15%
Dhanlaxmi Bank 5 90 - 100% (Ex Showroom) 13%
Muthoot Finance 5 85% (on-road) 16% -20%
Catholic Syrian Bank 5 80% (on-road) 9.50 % - 10.50%
A U Financiers 5 90% (Ex showroom) 18%

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).

The three variants

The Tata Nano offers an incredibly spacious passenger compartment which can comfortably seat four adults. With a length of just 3.1 metres, width of 1.5 metres and height of 1.6 metres, the Tata Nano has the smallest exterior footprint for a car in India but is 21% more spacious than the smallest car available today. A high seating position makes ingress and egress easy. Its small size coupled with a turning radius of just 4 metres, makes it extremely manoeuvrable in the smallest of parking slots.

The three trim levels and their key features are:

Tata Nano Standard: The standard version, in three colour options, single-tone seats, and fold-down rear seat;

Tata Nano CX: In five colour options, with heating and air-conditioning (HVAC), two-tone seats, parcel shelf, booster-assisted brakes, fold-down rear seat with nap rest;

Tata Nano LX: With the features of CX plus complete fabric seats, central locking, front power windows, body coloured exteriors in three premium colours, fog lamps, electronic trip meter, cup holder in front console, mobile charger point, and rear spoiler. Many of these features are not available on current entry-level small cars in the country.

Performance & specifications

Performance: The 2-cylinder 624 cc engine - delivering 35 PS @ 5250 rpm and a torque of 48 Nm @ 3000 rpm - enables the car to have a top speed of 105 kmph and negotiate inclines with a gradeability of 30%.

Fuel efficiency: 23.6 km/litre, certified by the Automotive Research Association of India (ARAI) under mandated test conditions, which is the highest for any petrol car in India.

Emission: The high fuel efficiency, with a low kerb weight of 600 kg, ensures that the Tata Nano - at 101 gm / km - has the lowest CO2 emission among cars in India.

Safety: The Tata Nano's safety performance exceeds current regulatory requirements - it passes the roll-over test and offset impact, which are not regulated in India. It has an all sheet-metal body, reinforced passenger compartment, crumple zones, intrusion-resistant doors, besides mandatory seat belts and complies fully with existing Indian safety standards. Tubeless tyres - among which the rear ones are wider endowing extra stability - enhance safety.

Warranty: 18 months or 24,000 km, whichever is earlier.

Nano Secure: Optional Extended Warranty for 18+12 months/40,000 kms, whichever is earlier or 18+24 months/60,000 kms, whichever is earlier.

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