HURRY TATA NANO BOOKING GOING ON!!!!!!

The ET report claims that the booking amount for the world�s cheapest car will be around Rs 70,000, i.e, 70 per cent of the total cost, assuming that Tata Motors manages to keep the price of the much-awaited car at Rs 100,000.

When contacted, a Tata Motors spokesperson said that the company is positive about a launch very soon, but it is yet to announce the official date of the launch.

Judging from the tremendous response and interest that the Nano has generated, it is quite likely that even after booking the car, you might have to wait for a while before you actually get to drive it.

The booking for the Nano can be done at all Tata Motors dealers and at select State Bank of India branches.

It may be noted that the Tatas and SBI have entered into a tie up to finance the Nano.

The State Bank of India will begin accepting bookings at about a 100 of its branches and then later increase the number to a 1,000 branches, the Economic Times said.Once you have booked the car, the waiting period is likely to be long because of two primary reasons: huge demand and limited production.

So, how will you get your dream car? Well, allotment of the Nano will be done through a draw of lots, and the lucky ones will get to drive their Nano first.

It is also understood that the car is likely to attract huge premium, so you can actually make a nice killing were you to sell it as soon as it is allotted to you.