29 May '11, 10am

www.eLanka.com.au Tata takes Nano car abroad, with Sri Lanka first - Straits Times

www.eLanka.com.au Tata takes Nano car abroad, with Sri Lanka first - Straits Times

India's Tata Nano (above), billed as the world's cheapest car, began its first export sales on Sunday by entering the Sri Lankan market - but with a price tag nearly three times what it is at home. -- PHOTO: TATA COLOMBO - INDIA'S Tata Nano, billed as the world's cheapest car, began its first export sales on Sunday by entering the Sri Lankan market - but with a price tag nearly three times what it is at home. The cheapest no-frills Nano costs 925,000 rupees (S$10,500) in Sri Lanka, compared to about US$3,000 (S$3,700) for a basic model in India. 'We have started accepting bookings from today for the first 500 cars imported to Sri Lanka,' an official of Dimo, the Colombo agent for Tata, said on Sunday. He said the price in Sri Lanka was due to high import duties and local sales taxes. The Tata Nano generated worldwide interest when it was launched in 2008, and the company s...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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