Tata’s cheapest car is certainly not giving cheap competition. Suzuki Motor is facing threats to its 50 percent of share on India’s auto market. Market analyst hints that it may cut the price of Maruti 800, the car that was first to bring motorization within the reach of the middle-class.
Though, recently there were reports stating Škoda, Maruti and Honda may raise cost of its few models in India, as prices of car components are on a rise. However, prices of Honda CR-V and Maruti’s Grand Vitara would stay put. As we know, manufacturers hike car prices twice a year, in January and June respectively. So, we shall reserve all out comments till then.
It’s time to see Tata’s people’s car brings motorization to who all’s reach? While it’s already posing threat to Suzuki.
The headline caught my attention, though; recently I have read that the Ford would not get into the cheap-car fray. Is it really giving an expensive competition or just a buzz? Market analyst can say more on how it may affect the share market further. I would love to read more on that front.