TATA Motors is trying hard to make sure it doesn’t disappoint its shareholders, with an almost Rs 1,00,000 booking amount for its People’s Car TATA Nano they haven’t got as many bookings as they would have expected. Now TATA Motors is giving more options in terms of loans and also advising its financial arm to not to be too strict on loans.
Also one more factor which has prevented bulk booking of the Nano is PAN card, TATA Motors has announced that Nano will be limited to one car per PAN number. And PAN card is mandatory while taking delivery of TATA Nano. Many of the brokers who usually buy newly launched cars in bulk are also cautious about the delivery time which could make their money locked with TATA Motors for upto an year without any interest.
But many interested customers might also be waiting till the last minute for booking the Nano, so lets wait and see how many booking forms are converted to orders.