Every news channel, news paper, and magazine is singing the praising tune for the Tata Nano. The little wonder on wheels is continuously creating sensation since its first public appearance at the 2008 Auto Expo in New Delhi. The car now made its entry in the market crossing all hurdles and troubles.
We all know that the highlight of the car is its commendable Rs 1 Lakh price tag, but the actual price of the car will exceed the one lakh mark. But the question is how much?
The base variant of the Nano which carries a price tag of Rs 1 Lakh is said to cost Rs 1.35 Lakh on road. This would be inclusive of road tax, registration, and also the insurance. And if one is going for a car loan option, then for a term of 5 years there would be an additional cost of Rs 2,300 (EMI) for base variant. For a high-end variant, the EMI would be Rs 3450-4000 for a five year loan while one-time insurance costs would be over Rs 6,000. Even the spare parts cost is not much different from other cars. It is learnt that individual spares of the car is likely to cost the same as those of the Indica.
Many say that Nano would be a best replacement for a two-wheeler but its insurance is said to be costlier than a two-wheeler. And prices will not remain the same forever with the rising cost of living. In recent times, many car companies have increased their car prices stating inflation and high input costs. And Nano will not be an exception either. In a very short time one can see the rising price of Nano. So is it actually a ‘ONE LAKH’ car?
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