People waiting to buy a small car at a very good price now have a reason to smile as a few big car manufacturers in
India are reducing prices of their cars. The excise cut for
small cars announced in our new union budget has tempted many people to now consider making a purchase.
Maruti, Tata and Hyundai have announced huge reductions in prices of their car models to encourage people to start buying and to bring the benefit of the excise duty cut to the common man’s doorsteps. Prices cuts range from Rs. 8,000 to Rs. 20,000. And it’s not just the old and established models like Maruti 800 and Tata Indica that come with this. Even the newly launched models like Tata Indigo CS are available with a huge discount. Truly a season of celebration for car lovers!
Labels: Car-Sales, Low budget cars, Maruti, Small cars market in India
Honeymoon days for small cars seem to be over, now experts are looking at them from a critical standpoint. The Japanese mini-car specialist,
Suzuki Motor is taking a cautious view to the race to build a $3,000 car in India.
India's
Tata Motors has previously said it plans to introduce a $3,000 car into the market by next year, while
Nissan and Renault are also considering jointly launching a similarly priced vehicle in India by
2010.
Wonder how environment protection has suddenly become an issue to the Japanese car maker? Suzuki is worried about the low-cost cars meeting global standards of emission and automobile safety. Whether these cars would include airbags or seatbelts is yet to be seen.
The Maruti Suzuki India Limited market share majority is owned by the Japanese automaker, which now has a market share of more than 50 percent in India. However, its dominance is increasingly challenged by global automakers who will not rest until they take a large bite out of the extremely delicious Indian auto market pie.
Labels: Auto market competition, Low budget cars, Maruti Suzuki, Nissan, Renault, Small car market in India, Suzuki, Tata
