Thursday, April 09, 2009

Tata Nano: Smart Idea!

The hoopla surrounding Tata Nano has ensured that people don't notice (or maybe they did, should I say people I know didn't notice) that if you are not one of the lucky 1 lakh people who get the car, you have two options. First is you take back the deposit and re-book later or second choice is you keep the deposit with Tata and be in the queue. The chances increase if you keep deposit with Tata. And they are also paying 8.5% for it. 
Nice idea _______ (whoever thought about it, fill in your name) You are getting around 1 lakh that too below PLR (which is around 15.5 %). Effectively Tata Motors is saving 7.5% flat on interest. Cool idea! 
Combine this with the Sops and concessions Gujarat Government is paying (to the tune of Rs. 10,000 crores) Nano is already a success before the factory starts!
Great Going Ratan!


  1. I read it first.hey now
    can i get the "Continuum Transfunctioner".

  2. he he...Mr.CFO dont get into the finance much. the 2000 Cr invetment to make the plant and 500Cr to shift from singur isnt coming out of your pocket. So dont worry and chillax.