Tata Motors today announced an average Rs9,000 increase in the prices of its small car Nano, covering all three variants, beginning 1 November 2010. The company said the increase has been necessitated by the steep increase in input costs over the past two years.
"The average increase is about Rs9,000 (ex-showrooms), with prices varying from city to city and model to model," the company said in a release.
Tata Motors has started open sale of the Tata Nano in Kerala (from August 2010) and Karnataka, Maharashtra, Uttar Pradesh and West Bengal (from October 2010).
The company has tied up customer financing with 39 banks, NBFC, cooperative and gramin banks for the Nano. Under these tie-ups, the Tata Nano can now be owned at an EMI of less than Rs3000, the company said in a release.
Tata Motors, which unveiled the `Nano' concept in January 2008, announced its commercial launch in March. The Tata Nano is BS-III compliant and comes with an all-new 2-cylinder aluminium MPFI 624 cc petrol engine mated to a four-speed gear box and will be available in three variants.
The Tata Nano is currently manufactured at the company's new dedicated plant, at Sanand in Gujarat. The Sanad facility will produce 350,000 cars at full capacity.
The Nano offers a spacious interior for a small car and can comfortably seat four adults. With a length of just 3.1 metres, width of 1.5 metres and height of 1.6 metres, the Tata Nano has the smallest exterior footprint for a car in India but is 21 per cent more spacious than the smallest car available today.
The Nano is available in three variants - Nano Standard (BSII and BSIII), which is available in three colour options, single-tone seats, and fold-down rear seat; Nano CX (BSII and BSIII), which has five colour options, with heating and air-conditioning (HVAC), two-tone seats, parcel shelf, booster-assisted brakes, fold-down rear seat with nap rest; and the Nano LX: (BSIII), with features of CX plus complete fabric seats, central locking, front power windows, body coloured exteriors in three premium colours, fog lamps, electronic trip meter, cup holder in front console, mobile charger point, and rear spoiler. Many of these features are not available on current entry-level small cars in the country.