Tata Motors will offer 90 per cent loans for customers, following poor Nano sales in November

Tata Motors has announced that it will offer 90 per cent loans for Nano buyers in India, a move prompted by sales of the world’s cheapest car falling by 85 per cent year-on-year in November.

The 90 per cent loan can be fast-tracked to customers within 48-hours, and is hoped will boost sales; November’s deficit was blamed on difficulties faced in receiving loans by buyers.

Read more on Tata's November sales slump

Tata’s finance offer follows closely on from the firm’s announcement of a four-year warranty on the Nano and a maintenance contract option for 99 rupees (approximately £1.30) a month.

See all the latest Tata reviews, news and video

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Comments
4

16 December 2010

Surely a BOGOF offer would boost sales. That's what Tesco would do.

16 December 2010

So should I go and ask the local Jag and Land Rover Dealers if they can offer the same?? Hmm, new XJ and RR Sport please!

To live is to drive

16 December 2010

It's presumably better engineered and better built than either a Jaguar or a Land Rover, if the company's not going to take a bath on its £1.30 a month service plan - or does Tata just give you another and throw the first one away if it develops a fault or niggle?

17 December 2010

[quote Uncle Mellow]Surely a BOGOF offer would boost sales.[/quote]

Excellent. You are always good for a larf!

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