The common man’s car “Tata Nano” is set to reach the common man. After overcoming obstacles like rising commodity prices, Ratan Tata will finally hand over the keys of the Nano to its first owner today.

Though the identity of the first Nano buyer is not known, he or she is likely to be the quintessential ‘man on the street’, with ordinary aspirations. The defining moment for Tata Motors, the buyer and the global auto industry will be held at the company’s showroom in central Mumbai’s Prabhadevi locality. The rollout, which begins today, will prove to be the litmus test for the much awaited car’s on-road performance.

Tata Motors, through a lottery, selected one lakh customers out of the 2.06 lakh applicants who had booked the snub nosed car. While a significant number of people opted for a loan, the top-end LX model has been the most sought after. Beginning today, the first one lakh cars would be delivered in a phased manner by the last quarter of 2010. The first one lakh owners are price-protected and will get the Nano at the ex-showroom price of Rs 1 lakh. For more such interestinf news of Tata Nano join the group “Nano-People’s Car” on ZaaBiz.