The subsidy of 0.1% p.a. state Govt loans and free land accounts for Rs.2 Lac for each car produced. Plus the price of the car is 1 Lac. Total cost of production 3 Lac!
Re: Subsidy 2 Lac; car price 1 Lac; Total 3 Lac!
by Bless you on Feb 26, 2009 02:40 PM Permalink
Yes, he deserves it, the Bharat Ratna, consiering NOBODY, none of the WORLD's leading car manufarurerers thought about it. He concieved the conept, nurtured it for 5 years, when all douoted it and at the final moments, Mamata pulled the rug under his leg. But yet he brought it out. Its not only India, -- many countries South Africa and oher many othe asian and african countries are looking forward to it
Re: Subsidy 2 Lac; car price 1 Lac; Total 3 Lac!
by Chaitanya Shah on Feb 26, 2009 02:02 PM Permalink
Land given at Sanand was used for Cattle feeding, and its own by Gov. not taken from the farmers. It won’t cost a penny for the Govt.
It will create thousands jobs to guj will help automobile industry in Rajkot and Bhavnagar, real estate boom to abad which we already see.
In return of the subsidy of 0.1% p.a. state Govt loans Tata will invest 7000cr for Infrastructure in Guj.
For guj it is very small price it has to pay for the development.
Re: Subsidy 2 Lac; car price 1 Lac; Total 3 Lac!
by Vivek Vadke on Feb 26, 2009 01:51 PM Permalink
Subsidy to Nano !
Let us get our maths right friends. Even if you consider 1,000 Crore Rupees in different forms of subsidy, the subsidy per car at 8% annual interest, with 80,000 cars per annum, works out to mere Rs,10,000 per car only !
Re: Re: Subsidy 2 Lac; car price 1 Lac; Total 3 Lac!
by Kabeer on Feb 26, 2009 02:25 PM Permalink
Buddy Vivek!
The 0.1% p.a. loan of 9570 Cr at an annual loss of bank FD rate of interest at 11% (as applicable on that date) itself translates to Rs.1052.70 Cr p.a. Now divide this loss itself by your 80,000 cars. It translates to a subsidy of 1.31 Lac per car!
Now add back free land, no stamp duty, no registration exps, subsidised electricity (almost free etc) it translates to 2 Lac per car!
Now let everybody know who should get whose maths right!
Re: Subsidy 2 Lac; car price 1 Lac; Total 3 Lac!
by Casp on Feb 26, 2009 01:45 PM Permalink
Shifting from West Bengal to Gujarat cost should also be added buddy.
Re: Nano Flight
by rgagfgna on Feb 26, 2009 01:32 PM Permalink
good idea.... then what about maruti aircraft ..... no one will buy them yaar. That will be a serious situation,,
Re: Re: Nano Flight
by ramachandran parameshwaran on Feb 26, 2009 02:17 PM Permalink
already cunning builders have used the nano design to make matchbox house to show that flatsprices have been lowered. Nano effect on housing
Re: nano
by Kabeer on Feb 26, 2009 01:45 PM Permalink
If you really produce a car for 1 lac then it is an achievement. But at the end of the days subsidies come from tax payers money; so whom the Tatas are trying to hoodwink?
The subsidy of 0.1% p.a. state Govt loans and free land accounts for Rs.2 Lac for each car produced. Plus the price of the car is 1 Lac. Total cost of production 3 Lac!
Re: Re: Re: nano
by tuks on Feb 26, 2009 01:53 PM Permalink
Thanks,What is your choice of color.It will be delivered at Mumbai, subject to the amount having credited and on receipt of the balance amount before delivery. Good-luck.
Re: Re: Re: Re: nano
by Kamal B on Feb 26, 2009 02:57 PM Permalink
@Tuks, My Choice is Red color and top-end model. I am ready to pay 150000 subject to availibility of brain in your head.
When Whole World is looking for Mass Transport... India(one of the Most Populus Country with least infra ) is looking for a motor cyccle engine car... 4 wheeled 2 wheeler
Re: Mass Transport
by Rajesh Nair on Feb 26, 2009 01:27 PM Permalink
u r right , the whole world is still looking and India in particular has been looking for quite some time
Even if he takes advance of Rs 25000 without interest , he is sure to generate Rs 25 cr per week (assuming 10000 book car/week all india basis).....by one year he will hv 1400 cr minimum.
Re: Hi
by Kapoor Pradeep on Feb 26, 2009 01:27 PM Permalink
Please calculate. Only interest of Rs.9000 Crores will be Rs.3 Crores per day at market rate. That is equal to 300 Nanos per day. This is black hole of economics. Ratan Modi have jumped in to it. They will never come out it.
Re: Re: Hi
by Dev on Feb 26, 2009 01:42 PM Permalink
if u can make better car..do it..Tata's have been taking risk for ages, thats why they make money. Also how much must have been wiped off his net value due to economic meltdown ?look at todays news Bank of scotland loses $100bn ..play big means you can lose big ,too.
I can see u all r very much annoyed with DIDI. Maybe u r a bong like me . It is undoubtedly a loss of huge magnitude to West Bengal ... it would take a few decades to overcome it and get back investors . But still I would say , lets not think that DIDI has not taken any lessons from this sad episode. Since she is the only opposition West Bengal has politically , lets only hope that she or other party leaders do not repeat this mistake ever. In the eve of the coming LS elections lets give a call for construction of modern India ... and shun all destructive practices . E.g. if DIDI wants an upliftment of the farmers I believe she can very well organise a constructive movement to see that every inch of cultivable land gets maximum yield thereby pulling the poor masses from poverty line ... like Punjab n Haryana . I guess this was the essence of Mr Ratan Tata's open letter to Bengal as well.
Re: MR RATAN TATA , NANO AND DIDI !!!
by tanmay chattopadhyay on Feb 26, 2009 01:44 PM Permalink
She tried to make money by threat. If any development happen in Budha period, then it is a threat to her personal career. Thirdly this didi people are successful in Dharna, Anasan, in all the destractive activities, not a constractive one. Very uncomfortable as a railway minister and find execuse to resign. Ask what his brother doing.
Re: Re: MR RATAN TATA , NANO AND DIDI !!!
by No One on Feb 26, 2009 01:54 PM Permalink
I guess we have enough learned and talented people in all fields of activity to take the lead irrespective of community, caste , region and most important of all , useless ideologies, to lead our fellow countrymen . Why dont we replace the hardcore-good4nothing politicos with non political leadership and see if we benefit at all or not ? wat u say friends ?
Re: MR RATAN TATA , NANO AND DIDI !!!
by abs sba on Feb 26, 2009 01:36 PM Permalink
One more mindless politician gone beseark for self gain, bringing loss to both farmers and shame to nation. She is perfect Indian politician who beleives power and money are above all and will get it any how.
Narendra Modi Government has provided Rs.9000 Crores loan to tatas at 1% interest. People of Gujarat need to understand what they have gained and lost.
Re: Ratan-Modi's Nano
by tamil on Feb 26, 2009 01:20 PM Permalink
First who will but this CAr.. Mostly will be sold to Piza Corner, KFC ... for party deliveries...
Re: Re: Ratan-Modi's Nano
by Tech Fun on Feb 26, 2009 01:56 PM Permalink
When Maruti was launched, many self proclaimed intelligent people predicted the same... you know what happened later??
guys i want to tell this car is an curse of singur people who had given life to save land they got back this car will be sick and it will needs blood than petrol.
