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Nano gets costlier by up to Rs 7,000
NEW DELHI, JUL 17 (AGENCIES):
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Published on 17 Jul. 2010 11:13 PM IST
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Nano, the world’s cheapest car, has just got a tad expensive. Burdened by rising cost of inputs, Tata Motors said it was increasing the prices of the Nano by 3-4%, or by between Rs 3,700 and Rs 6,800 across variants, though the prices remain the same for the first 1 lakh allottees.
According to a report published in Times, the Nano, that has been the only model to escape a price hike even as others saw prices go upwards at least four times to factor in higher commodity prices, will still continue to be the cheapest car in India and abroad.
“Despite a steep increase in input prices, Tata Nanos are being priced only 3-4% higher, depending on the model, than the price announced at launch,” the company said.
This is the first time that the company has increased the Nano’s price since its introduction last March.
The base variant of the Nano, the world’s cheapest car, was launched at Rs 1.23 lakh at showrooms in New Delhi while the top-end costed Rs 1.72 lakh.
Tata Motors, however, said the hike will not be applicable for the first 100,000 customers who were allotted the car last year, but only for those who weren’t selected for the first lot and opted to retain their bookings. Also, new customers of the Nano will have to pay the new prices.
The company said on Friday the quantum of the price increase will wary on different Nano variants.

 
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