Nano Gets Over 2 Lakh Bookings

Small wonder Tata Nano got a lukewarm response with Tata Motors receiving over 2.03 lakh bookings.

The booking window was open from April 9 to 25.

The release states that 6.10 lakh booking forms were sold through dealerships, Westside/Croma outlets and banks.

Of the total bookings, 70 per cent were financed while the rest of the applicants paid up wholly in cash.

Analysts were expecting much higher bookings.

"After all, the Nano drastically brought down the threshold level for buying a car and opened the segment to an all-new category that would have earlier never ventured towards a four-wheeler," an analyst said.