Nano booking a disappointment. I am not surprised.

Against the expected 5-6 lakhs booking, Tatas have booked only 2 lakh cars. They have collected Rs. 2500 crores through this booking.

I hope my analysis of the booking system was in some ways responsible for people not booking the car. In any case, Tatas have still come out a winner as they have collected a huge amount of money. Also, now the car has to prove itself on the road.

The other issue that will now arise is how quickly will Tatas cancel the booking if somebody wants to as well as how quickly they will return the money of people who have not gone through the financing process. Does anybody know what are the terms of cancellation?

avinash narula

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