With 203K Orders, Nano Grabs 17% of Indian Market

By Harry Kimball,  Newser Staff
Posted May 4, 2009 2:38 PM CDT
With 203K Orders, Nano Grabs 17% of Indian Market
The front end of Tata Motors' Nano car.   (AP Photo)

Indian automaker Tata has 203,000 domestic orders for the Nano—the world’s cheapest car—which will start delivery in July, Bloomberg reports. The first editions of the $2,500 vehicle will go out to just 100,000 eager buyers, who will be chosen by lottery and must put about $1,900 down. The groundswell of enthusiasm will net the company $501 million—and 17% of India’s auto market for the fiscal year ending in March. (Read more Tata Nano stories.)

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