The debut of the India’s cheapest car Tata Nano in the Bangladesh market postponed at the end moment on Saturday, as the sole distributor Nitol Motors was seeking a price cut-down from Tata Motors.
The car was due to launch in Dhaka on Saturday at a fair, where a number of car enthusiast were looking forward to take a glimpse of this popular small car. Due to high tax rates, the price of Tata Nano in the Bangladesh market has been kept to 599,000 taka ($7,900) as compared 141,000 rupees ($2,870) in the Indian market for the base model.
In a statement give on the matter, Mr. Abdul Matlub Ahmad, director of Nitol Motors, said, "A lot of people came to us for booking at the fair. At least 23 people confirmed their interest." He added that "But we've deferred launch of Nano at the last moment as we're seeking a re-look at the price, which some say is too high."
The small cars imported to the Bangladesh market account for an import duty of 132 percent, making small cars like Tata Nano highly expensive for the middleclass buyers. It is to be mentioned here that Tata Motors has recently started exporting the Nano model to the neighboring countries like Nepal and Sri Lanka.
