Wheel Industry: Tata Motors

Showing posts with label Tata Motors. Show all posts

Sunday, June 21, 2009

Are You The First Lucky Nano Buyer?

Tata Motors has announced the results of the lucky draw containing the names of the 100,000 lucky Nano buyers in India. The company completed the random selection process on Tuesday and the first phase of delivery will begin from next month. The results can be seen on the company website or through your dealer.

Tata Motors once again places on record its gratitude to the people of India for according such a warm welcome to the Tata Nano, as also to all its preferred financiers, dealers and partner companies for their stupendous effort in helping the company launch the Tata Nano.

Bookings for Tata Motors were closed on 25 April and the company had promised to announce the lucky winners within next 60 days. Total 206,703 applications had booked Tata Nano with an option to choose if they want to retain their bookings when their names are not announced in the first phase of delivery. Nearly 67 percent people have chosen this option out of which 55,021 retainees have gotten allotments.

All the details of the lucky winners are available at TataNano and the helpline number for the same is: 020 6649 5678. Tata Motors will soon inform the winners about their allotments along with their allotment letters.

Wednesday, June 17, 2009

Electric and Hybrid Cars from Tata Motors

Yeah! It is the right news that Tata Motors is going to build Electric and Hybrid Cars on Nano Platform. They are planning to launch electric and hybrid cars in India. It will manufacture these cars on Nano platform . It means again we have to wait another miracle from Tata Motors in the form of electric car that come in the market soon.

If we think on Nano, it's my feelings that the Nano is not a simple small car. But whatever is the matter, the ready platform of Nano is being used to create higher end models suited for families and will sell for higher price with better margins. For some days, we have to wait for its price and the specifications of this new cars.

It is a micro-hybrid version likely to be supplied by German engineering major, Bosch. As we know that currently, Bosch is supplying the fuel and braking systems for the Nano. So ready for such a micro-hybrid car soon.

Tuesday, June 16, 2009

Grab Discount Offers in June from Car Manufacturers in India

June seems to be the season of heavy discounts for Indian car buyers. Auto manufacturers are offering varying discounts across all their models to lure the Indian customers. May-June this year beat the December discounts already. Car companies are offering discounts starting from Rs. 5000 to up to Rs. 1 lakh on their cars in India.

Maruti Suzuki India Limited is offering discounts on nearly all the cars in its product portfolio. It is offering discount of Rs. 13,000 on Omni and Maruti 800, 35,000 on WagonR, 19,000 on Alto, 37,000 on Zen Estilo and 25,000 on SX4. The new model Maruti A-Star is also cheaper by Rs. 24,000 this month. However, latest and popular models do not have such attractive discount packages. Maruti Swift is available at a discount of Rs. 5000 only and there is no discount on the latest model Maruti Ritz.

I know all you purchasers wonders that how it happens? But there is no any tact or magic. It is the decision of car manufacturers that hefty price discounts on one particular car model can help give focus on that model and increase sales for a brief period of time. So, I think it is a good time to buy your beloved car at home.

Other auto makers are also offering discounts ranging from Rs. 10,000 to up to one lakh on their cars. General Motors, Ford India and Tata Motors have their cars lined up with various discounts across their product portfolio. Hyundai is already offering an exchange program to its customers to upgrade their cars to a bigger car without changing the EMI. “Monsoon always sees some discounting but this time the cuts are steeper,” said Rajiv Dube, president-passenger car division, Tata Motors.

So even before the monsoon in India, its already raining discounts in the auto sector. With additional excise duty cut benefits, cars couldn’t have been cheaper before.

Monday, June 15, 2009

What Is The Real Cost of Owning The Wonder Car - Nano?

All we know that the Nano cost Rs. 1 lakh but how much will you have to cough up to run the car? Two-wheeler companies have been saying that the running cost will differentiate the Nano from a premium motorcycle brand. ET worked out the math.

The entry-level Nano, with its Rs. 1-lakh price tag, is expected to have an on-road price of Rs. 1.35 lakh in Pune. This will include the road tax of around Rs 10,000 including Rs. 2000-3,000 as registration and a one-time comprehensive insurance payment of Rs. 4,374.

The EMI for a five-year tenure loan is Rs. 2,300 added to which will be the petrol bill, with the Nano boasting a fuel efficiency of 23.6 km to a litre of petrol. In Pune, petrol retails at Rs. 44.29 per litre.

Explaining the tariff structure, the Maharashtra transport commissioner, Deepak Kapoor, said individual buyers have to pay 7% as road tax on the total cost of the car, which rises to 14% for corporates. Moreover, the tariff structure is based on the cost and not on the size of the engine. “We are not expecting huge tax collection on the Nano since its base price is low,” Mr Kapoor said.

The Nano’s insurance costs are also higher than two-wheelers. Finance industry professionals tracking the sector said the EMI on a higher-end Nano could be Rs. 3450-4000 for a five year loan while one-time insurance costs would be over Rs. 6,000.

When it comes to spare parts, though, the Nano is not going to be very different from other cars since all automotive manufacturers make their money on spares. “The world over, car makers always earn on spares and the Nano is not going to be any different. Individual spares of the car will probably cost the same as those of the Indica,” said a Nano vendor.

The owner of an automotive garage said the most commonly replaced parts in an Indica are front and rear bumpers.

Tata Motors To Give Back Dealers Over Unsold Nano Forms

My God! Bookings of Nano are over and many of us waiting for 1 Lakh Rs. car for a years (may be 1 or 2) and nobody thinks what happens about the Nano or its coming variants. Well, Tata Motors is understood to have begun refunding dealers across the country for unsold Nano booking forms. Caught up in the Nano excitement, each dealer had picked up between 2,000 and 10,000 application forms, but managed to sell not more than 30-35% of it, top dealers said. Dealers bought each booking form for Rs. 250 and sold it at a premium of around Rs. 300 to customers.

The company has informed the dealers that the Nano form money would be refunded. They are able to sell more than 50% of the forms bought from the Tata management. Dealers now admit that they overestimated the demand for the Nano. Most customers opted to stay out of the booking process as there was confusion over the procedure, unavailability of test drives and uncertainty over delivery schedules.

It is believed that while issuing the forms, Tata Motors had told dealers that the amount spent on forms will not be refunded. Many dealers approached the company and requested about the refunding, as the amount is quite substantial. The company initially asked dealers to wait but now, they have been told that the amount would be refunded. I don't know what happens next?

Tata Motors received over 2.03 lakh bookings for its Rs. 1 lakh car Nano, collecting nearly Rs. 2,500 crore. The company sold a total of 6.10 lakh forms. Although initial industry expectations were around 5 lakh bookings, company officials maintain that the company has gathered a good response at a time when the car market is struggling for volumes.

Whatever the matter but one thing is clear many middle class families must have to wait for their dream car for at least 1-2 years.

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