Tata Announces Nano Lottery Results

25 June, 2009 12:32:00

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Tata Motors has completed the process to select the first 100,000 owners of the Tata Nano from among the 2,06,703 final list of applicants who had booked the car.

As announced at the launch on March 23, the first 100,000 owners were selected through a computerized random selection process. The company had said that the process would be completed within 60 days of the closure of booking on April 25.

The booking process had also given the option to applicants to indicate whether they would like to retain their booking amounts with the company, even if they do not get selected among the first 100,000 allottees, and await delivery of their cars after them. 67% (137,867) applicants had chosen this option, from which a further 55,021 retainees have been made allotments. The booking amounts of the unsuccessful applicants, who had not exercised this option, are being returned.

Deliveries will begin from July 2009 and the first 100,000 deliveries are expected to be completed by the last quarter of 2010. All efforts will be made to deliver earlier, by ramping up production at the already operational Pantnagar plant and the fast upcoming Sanand plant.

Tata Motors reconfirms that the first 100,000 owners are price-protected, and will get their Tata Nano at the ex-showroom prices, announced at launch on March 23.

The deliveries to the 55,021 retainees will begin after the first 100,000 deliveries.

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