Are Tatas walking their talk with respect to Nano booking?

I don’t think so. Here is my reasoning for the same.

Nano booking terms unethical-Lets not book Nano

As mentioned earlier in one of my blogs, people should not get carried away by booking the Nano car. As mentioned earlier, the terms of booking the Nano cars are unethical for the following reasons:

Think before booking a Nano car

Last I heard that Tatas were planning to ask for Rs. 70,000 as booking amount for the Nano car. I think it is my duty to inform the general public what is wrong with this scenario. The facts are given below:

Growth with debt-Keep your fingers crossed

I was surprised to note that Tatas have also borrowed heavily by pledging its shares. Growth with too much borrowed money is very risky. Public invests in Tata companies thinking they are financially sound without realizing that they have borrowed heavily. When I saw Tatas going in for huge acquisitions like Jaguar/Rover and Corus, I was concerned that even if one of them landed in trouble, Tatas could get into serious trouble. With the recession and financial crisis, trouble has landed in multiples. The interest of the common shareholders in the Tata companies could suffer.