With 203K Orders, Nano Grabs 17% of Indian Market

By Harry Kimball,  Newser Staff
Posted May 4, 2009 2:38 PM CDT
The front end of Tata Motors' Nano car.   (AP Photo)
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(Newser) – Indian automaker Tata has 203,000 domestic orders for the Nano—the world’s cheapest car—which will start delivery in July, Bloomberg reports. The first editions of the $2,500 vehicle will go out to just 100,000 eager buyers, who will be chosen by lottery and must put about $1,900 down. The groundswell of enthusiasm will net the company $501 million—and 17% of India’s auto market for the fiscal year ending in March.