Tata Motors sold first $2,500 Nano in Mumbai

Technology.am (July 18, 2009) — Tata Motors, the Indian truckmaker sold yesterday the first Nano, the world’s cheapest car to Mumbai resident Ashok Vichare, who received the keys to a silver-colored LX version of the 624-cc vehicle from its Chairman Ratan Tata in Mumbai.

nanoThe company held a lottery to decide who could purchase the first 100,000 Nanos. The company chose the first 100,000 customers for the 123,360 rupee ($2,500) Nano by a lottery.

The cheapest Nano retails for 123,360 rupees while the top- end variant goes for 172,360 rupees in New Delhi. The low-end model doesn’t have features such as air-conditioning, power steering and cup-holders.

Tata Motors that owns Jaguar Land Rover, got 206,703 orders for the car, more than double its initial sales plan.

The first Nanos are being built at a plant in Pantnagar, northern India, which can produce 60,000 units a year. Annual output will increase by a further 350,000 when a facility in Sanand, western India is completed at the end of this year.

Tata Motors may sell the Nano in the U.S. after 2 1/2 years, while European sales may begin in 2011.

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