By CarDekho Team 17 Dec, 2010 at 1:28:46 PM
Tata Motors, the biggest auto makers is planning to re- establishing Tata Nano, in the domestic auto market. The Indian auto giants, has introduced a new finance scheme to push the sales of the “Peoples Car” under the scheme the buyers can get loan in just 48 hours without giving any down payment on it.
Tata Motors Finance (TMF) Tata Group's financial company provides loans on Tata cars offered finance around 90 per cent on Tata Nano on low interest rates. The TMF is available in 540 Tata passenger car dealerships in India.
Tata Motors is adding new financial scheme in the ongoing offers to increase the sales of Tata Nano as it has been showing a downfall in the sales graph. The company has been taking several steps to increase the sales of the mini wonder. Recently, Tata Motors, introduced all new additional safety features in the 70,000 Tata Nano already rolling out on the Indian shores. The additional safety measures are a result of the numerous fire catching incidents which is one of the major reasons for the downfall in the sales of the car.
Another major step which Tata Motors offered on the India's most cheapest and the smallest car Tata Nano was increasing the warranty to 4 years or 60,000 km (whichever comes first) in India. From the company's sources confirmed that, Tata Nano will be coming with a warranty of 60,000 Km or four years (which ever comes earlier) at no extra price. Other than, applicable on the new cars, the company has extended the manufacturing warranty in all the current car owners.
Tata Nano was not putting up impressive sales figure, In November, 2010, only 509 cars rolled out when compared with the July sales of 9,000 cars in 2010. Tata Nano accounted a downfall of more than 85 per cent in the domestic auto market.
It is being heard that, Tata Motors is also coming with a price hike on its passenger cars by 1.5 per cent. As per the speculations in the wake of increasing the share of Tata Nano it will not hike the price of the wonder car. It is also rumored that Tata Aria the recently launched crossover will not experience the price rise. The car models which expects an increase in the price Tata Indica, Tata Indica Vista, Tata Indigo, Tata Manza, Tata Safari and Tata Sumo Grande.
