Tata Motors gets Rs 15 crore from application forms

Tata Motors has got Rs 15 crore by the application forms for the world's cheapest car Nano. The company has manage to sell nearly 500,000 application forms at Rs 300 each. The sale of forms began on April 1. Booking started from April 9 and will close on April 25. So far, the company is happy with the response of the sale. Some of the distributors expects that forms were likely to translate into bookings.  The number total number of booking applications received will be announced later. All the booking applications will be subjected to a computerised random selection procedure, said a company spokesman. The spokesperson also added that within 60 days of the closure of bookings on April 25, Tata Motors will process and announce the allotment of 100,000 cars in the first phase of deliveries. Delivery of the car will begin from July.

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