Tata Motors has said all the existing bookings of the Nano will be delivered at the current prices, notwithstanding the rising input prices.
“The current bookings will be executed at the price already committed and we have a long way to finish the current bookings. So, it is too early to talk about raising the prices of the Nano,” Tata Motors managing director Prakash M Telang told PTI.
However, when asked if the company could consider increasing the prices of its other models, Mr. Telang remained non-committal, he said: “steel and tyre prices are increasing and all manufacturers have to think about it. We are watching the situation very closely. It is difficult to comment it right now.”
In June, the company had selected over 1.55 lakh buyers for its small car wonder Nano, touted as the world’s cheapest car, from a total of 2.06 lakh final applicants. It would deliver the first one lakh cars by March 2010, while the remaining bookings of 55,021 will be delivered in the next phase.
The country’s largest auto company has delivered 13,924 Nanos till November.
Tata Motors had announced that the first one lakh Nano owners would be price-protected at the ex-showroom prices. The Nano is available between Rs 1.23 lakh and Rs 1.72 lakh (ex-showroom, Delhi) for the three different variants.
“When it will come to the next stage of delivery only we will talk about it (price hike). At the moment our focus is to ramp up production,” Mr. Telang said.
The company is currently rolling out the Nanos from its Pantnagar plant in Uttaranchal, which has an annual capacity of 50,000 units. The car would also be rolled out from the company’s upcoming Sanand facility in Gujarat once its goes on stream next year.
The Sanand plant will have an initial capacity of 3.5 lakh units a year.