Are you ready to buy the new Tata Nano?

GOOD DEAL: Tata plans to give Nano to the dealers for Rs 1 lakh with taxes and insurance added.

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New Delhi: The Chairman of Tata Sons, Ratan Tata unvieled the much-awaited Rs 1 lakh car, Nano at the New Delhi auto expo.

Tata says that the car has passed all safety tests. The car is eight per cent smaller than the Maruti 800 outside, but 21 per cent arger on the inside.

So how much will the car actually cost you?

Tata plans to give the car to the dealers for Rs 1 lakh. You will have to pay a value added tax or vat of Rs 12,500, a road tax of Rs 4,000 and an insurance of about Rs 3,500.

And all of this total up to Rs 1,20,000 on the road price.

But if you take a car loan, how much will it cost you in EMI's?

If you get a loan of Rs one lakh for five years then you will have to pay about Rs 2,200 per month.