Tata Motors' special scheme for Nano

Tata Motors Finance (TMF), the financing arm of Tata Motors, today announced the launch of an attractive scheme for booking the much awaited ‘People’s Car – The Nano’.

Salient feautures of the scheme include no upper limit on the number of cars to be booked through TMF, once the customers have submitted the forms a booking amount would be made to Tata Motors on behalf of the customers, applicants who have been allotted the car do not loose any amount except cost of the booking form and initial payments.

The scheme would be offered to partnership firms, private and public limited companies, trusts and HUF.

To facilitate the booking process, multiple touch-points have been created all over the country. As part of the arrangement, TMF will be assisted by Tata Capital Limited, E-nxt Limited, Tata Motor dealers, Tata Securities outlets and all channel partners – DSAs & Vendors to ensure wider distribution. The booking scheme offered by TMF will enable a customer to book the Nano by paying an amount starting Rs 3,199/- only for the base model.

Announcing the scheme Shyam Mani, managing director of Tata Motors Finance said: “It is our constant endeavor to provide the best of services to our customers. Keeping customer convenience in mind, we have designed this convenient one-stop scheme for booking the much awaited Nano. Our wide distribution network will ensure that discerning customers from all parts of the country will be able to participate in the booking process.”

Sale of application forms commenced on April 1, 2009 and acceptance of booking have started from today till 25 April, 2009.

The application forms would be available at price of Rs 300, with a range of offers from select associate Tata Group companies.

The application forms would be available at over 30,000 locations in about 1,000 cities through Tata Motors Passenger Car dealerships, State Bank of India and its branches, its subsidiaries and associates, other preferred financiers, and outlets of Westside, Croma, ‘World of Titan’ and Tata Indicom exclusive stores along with Tata Motors Finance now.