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| Tata Motors delivers 2,475 Nanos in 15 days |
| BS Reporter / New Delhi Aug 03, 2009, 19:22 IST |
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Tata Motors has delivered 2,475 units of its small car Nano, billed as the world's cheapest four-wheels, within 15 days of its commercial roll-out.
Tata Group chairman Ratan Tata had handed over the first Nano on July 17 to Ashok Raghunath Vichare, a resident of Mumbai.
The vehicle carries an ex-factory price of Rs 1 lakh for the base variant and costs anything up to Rs 1,75,000 depending on the model.
Last month, the company's total sales jumped 18 per cent to 48,054 units. Its passenger vehicles sales in the domestic market grew by 17.33 per cent at 17,191 units.
Tata has recently said in its Annual Report that the company would deliver up to 60,000 Nanos by July next year, while over the first one lakh cars by 2010 once its mother plant in Sanand goes on stream.
Conceived in 2003, the Nano project has cost over Rs 2,000 crore to the company. Tata Motors launched the car on March 23 this year.
After originally planning to roll out the 'small wonder' from Singur, Tata Motors had to shift the project to Gujarat after 95 per cent of the construction work at the West Bengal site was completed on account of violent protests by Trinamool Congress last year.
The new plant in Sanand is likely to be ready by the end of this financial year. It would have an initial production capacity of 2.5 lakh units per annum.
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