Wednesday, April 25, 2012

Nano launch delayed until after first-time car scheme

Tata Motors will delay selling the Nano in Thailand until after the first-time car buyer programme expires, said an industry source.

The introduction of the Nano _ by some estimates the world's cheapest car _ was previously set for early this year but was postponed in light of the influx of eco-cars being offered by Japanese carmakers in Thailand.

The first-time car buyer programme, which rebates taxes paid by first-time buyers purchasing certain types of automobiles, further weakened the competitive position of the Nano.

Read full story here at Bangkok Post.