Why is the Tata Nano so cheap?
The purchase price of this no frills auto was brought down by dispensing with most nonessential features, reducing the amount of steel used in its construction, and relying on low cost Indian labour.. At introduction the Nano received much media attention due to its low price of 1 lakh rupees (Rs. 100,000).
Is Tata Nano still available?
Tata has stopped the production of Tata Nano. The last recorded price of Tata Nano is ₹ 2.05 Lakh.
Can Nano be used for long drive?
1 Answers: Tata Nano GenX is primarily a city car and it is not meant for highway driving. The small wheels are not able to cope with bad roads and big bumps do unsettle the car substantially. The car has good handling but grip levels are low and steering lacks feel and feedback at high speed.
What is the top speed of nano?
The Tata Nano can touch a top speed of 105kmph.
How many kilometers we can drive a Nano car continuously?
Tata Motors’ small car Nano entered the Guinness World Records for driving on the longest journey spanning 10,218 kilometres, covering the entire country. Tata Motors’ small car Nano entered the Guinness World Records for driving on the longest journey spanning 10,218 kilometres, covering the entire country.
What’s the market share of the Tata Nano?
Tata Motors market share is currently around 14%. During the initial launch, Tata Nano was priced at about ₹ 100,000. In December 2008, the cost of the car increased significantly due to higher raw material costs. Currently, the fixed prices of the Tata Nano in India are as follows
What can I substitute for a Tata Nano?
Second hand cars (used cars) are the substitutes for the Tata Nano. If the price of Tata Nano goes up, used cars demand increases and vice-versa.
Which is better Tata Nano or two wheeler?
Consumers generally prefer Tata Nano when their income is constricted. As a consumer’s income increases the demand for Tata Nano decreases, while demand of costly cars increases. The price of Tata Nano deliberately makes it a close substitute to some products in the two wheeler market.
How is price elasticity of demand related to nano?
In the case of Nano, price elasticity of demand is relatively elastic (e>1) because a little increase in its price will lead to a greater decline in the quantity demanded. When there is an increase in income of consumers, purchasing power increases and demand for Nano decreases.