JOIN US “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,” said Tata Motors managing director Prakash M Telang.
However, when asked if the company could consider increasing the prices of its other models, 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 Nano, 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.