Mumbai, Mar 23 Tata Group Chairman Ratan Tata is all set to launch the Nano, the 4-seater, 100,000-rupee price tag super-cheap car for the masses, today.

Described as 'people's car' by Ratan Tata, customers can expect to own a car at a price between Rs. 1.20 lakh and Rs. 1.30 lakh, depending on the version of Nano.

The Nano would come in three versions-standard and two deluxe models with air conditioning.

After the launch in Mumbai, Nano would be displayed at the company's dealerships from the first week of April, while the bookings would start from the following week. The booking amount is fixed at Rs. 70,000.

Only 50,000 cars will be available in the first year from Tata facilities in Pune and Pantnagar. Tata is waiting for the 250,000-unit capacity in Gujarat to come onstream to meet public demand for the vehicle.

Tata Motors Ltd moved in its ultra low-cost Nano car to Sanand in Gujarat following violent protests at Singur in West Bengal.

The car was unveiled in January 2008. It was scheduled to go on sale last October, but problems with the main plant location delayed the launch. (ANI)