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Monday, March 23, 2009

Direct sale model for Nano ?


Tata Motors Ltd is likely to adopt a direct sale model for its nano car, Tata Motors will accept direct bookings for the car through branches of State Bank of India and its own dealerships. The company is likely to ask for a INR70,000 ($1,300) cash down payment and even booking forms are expected to cost INR500, the sources said. "All the deposits would therefore be available with Tata Motors for a few months, at least till the time the company decides on who gets the cars," the Web site quoted the sources as saying.