People throng Tata showroom in Haldwani to have glimpse of 'Nano'

Haldwani, Apr 6(ANI): People in large numbers are flocking to Tata showroom at Haldwani in Uttarakhand to have a glimpse of the world's cheapest car Tata 'Nano'.

"It is a marvelous car. I am just waiting to drive this car. I hope I will get this car soon. Both my children will enjoy the ride with me," said Reena Bhardwaj, a resident.

At Haldwani, the car will be available at a cheaper rate as compared to other cities because of its proximity to the Pantnagar plant where the cars are manufactured resulting in low transportation cost.

"The world's cheapest Nano will be available in Haldwani. There is no commercial sales tax. The transportation expenditure involved is only rupees 200 because it is made at Pantnagar plant. It is a people's car," said Ankit Agarwal, a dealer, Tata Nano.

The Nano can be booked at more than 30,000 locations in 1,000 cities across India, including Tata-owned department and electronics stores, with booking forms costing 300 rupees each.

Tata Motors launched its much-awaited Nano car on March 23.

Although it was launched six months behind schedule in a subdued market, with production in the first year severely constrained and the threat of further ratings downgrades hanging over the company, it has been welcomed by the people of India.

Amidst all these trends, the company has said that it will take over a year to deliver the first 100,000 cars.

Tata Motors also posted its first ever loss in seven years with its shares declining by 70 per cent and its credit rating downgraded. (ANI)