Hi,
You all!
The world chipest car, Nano getting advantage for being launch after a time. Nano is launched at the time in market when commodity cost are down with 30 to 40 percent government announced to reduce the product fees from 12 to 8 percent and company go directly in benefits .
Nano first 5,00,000 thousand unit are based on pant nagar Tata plant, when company has not to pay product charges for the next 10 years. Tata already claimed that they are looking the first two years without any profit for booking and selling there Nano cars company ceo Mr. Ravi Kant stated that nano will provide benefit from the very first car they will sell. Tata said earlier, he will be profited after two years from nano project.
But now surprisingly, they have seen this project to be profitable from very beginning. They said they have invested 2,000 crores rupees or more. When the booking will be closed on april 25th, it would be easy to calculate the margin. Company expecting for 5,00,000 booking that means 5,000 crores rupees. The one good thing about nano is company will not have to pay tax for auto component because supplier will pay it already. The car is set to be a normal men team to prove and it is explained as, “Normal man car”. Nano dealers from all over the country expecting booking to be started from April 9 as well as nano will reach to the show rooms.
thanks for your interest!
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