Indian Car Blog - Carazoo.com

After the US President’s comments on China and India’s consumerism as being responsible for rising oil prices, the Canadian Industry Minister Jim Prentice, on Wednesday, has stated that cars from these two countries could invade their nations soon.

The cheaper cars, owing to cheaper inputs costs in these countries will make it more attractive for US and Canadian car buyers. The price advantage will be something that the developed nations can not ignore. Cars had become a necessity in these countries whereas, they were considered as a luxury item in developing countries. At one point, the business of car companies like Ford and General Motors became bigger than most national GDP’s including India.

However, the trend has now reversed and the very lifestyle they were promoting has become a challenge to cub down. India and China have reported high growth of economy in the last decade. The domestic companies have leapfrogged several generations of development and learned quickly from their Western counterparts, who were eager to tap large markets. They are quick learner and now ready to sell their wares in US and Canada. The North American countries are now crying over spilt milk.

Submitted by: Venkatesh G

Labels: Cheaper Cars, Indian cars

posted by Carazoo Blog @ Friday, May 09, 2008 3 Comments Links to this post

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