News \| Autos \| Astrology \| Education \| Health \| Yellow Pages \| Matrimonial \| Travel \| Insurance \| Finance \| Real Estate \| Design Analysis
	Lucknow Home

BETA

Existing User? Sign in
New User? Sign Up

GreatMatrimonial.com

News

Popular

India

World

Science

Gaming

Sports

My News

News India News

Save

Post a Comment

Add News

India News

News Home

NANO -An Unexpected Unfair Trade Practice

Tuesday, March 24, 2009, Total Rating Points [8], Saved by [0] person Save

Now it is public that advance booking of Ratan Tata's pride Nano car will be open to public
on 9th April 2009 and close on 25th April 2009. The booking form will cost Rs. 300/-and will
be available from Tata's retail store Westside,Electronic store croma and Tata indicom and
Titen shops. Booking money may be paid online or in designated branches of State Bank Of
India. The Booking amount fixed is as fallows:-
Model Cost of Car Booking Charges
F Standard 1,23,360 95,000
F Cx 1,48,360 1,20,000
F Lx 1,72,360 1,40,000
It is evident that booking charges are more than factory cost of car and that too, company
is getting money directly from prospecting buyers. The Delivery of cars will start from July
2009.As per terms company will pay interest only after one year if that fails to deliver car
within one year. Further, cost shown is only for one Lac lucky persons as delivery will be
decided through lucky draw. Unlucky persons will lose twice.
The story does not stop here. Arrangement is there for loan through 15 banks. The banks will
advance loan against an article which is not in existance and no guarantee of ownership even in
future. This transaction will cost a pound of flesh ie. increased rate of interest.
Is there any law in India which can stop this? The public is dumb on this Question.

Leave Your Comment

Terms & Conditions

The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

Some comments may not display immediately due to an automatic filter. These comments will be reviewed within 48 hours. Please do not submit a comment more than once.