Even I am being harassed by this TATA Nano booking issue. I had done booking
through ICICI bank and got my allotment letter. No interest rate was annouced at
the time of booking. Now ICICI is taking 15% interest rate, which I do not want to
pay. I have been asked to go to a branch about 15 kms from my house and cancel it.
As the booking was done in my son's name and he is not in town, cancellation will
not be possible without his signatures. They have given a time limit of 10 days to
either convert it into autoloan or cancel it, which I am not being able to do.
Moreover, why is Tata asking for the payment now whereas the car will be delivered
after 14 months.
Can TATA motors put a head to people's resentment and do something towards it, I
trusted Tata and still want to have a fair deal from them. My suggestions:
1. Do not take the full payment now, let it be on delivery of car.
2. Please do not make deadlines like 10 days' time which is impossible to meet for
the processing of autoloan.
3. Please make announcments about your policies clearly and make them easy and
comfortable for people, there is so much confusion in the market about Nano. No
bank staff has clear instructions about Nano.

Chopra