Tata Nano will have no impact on sales of other small cars and motorcycles
One of the most important question that everyone have on their mind is that, Will Tata Nano have any impact on the sales of other small cars and motorcycles in India ??? Heres the answer from Maruti, Hero Honda, Bajaj Auto and TVS Motors. Read below :
The newly launched Tata Nano by Tata Motors will have only a marginal impact on the sale of Maruti-800, said Maruti Suzuki chairman RC Bhargava on Thursday, but he denied any plan to cut prices to compete with the latest offering from the Tata stable.
Two-wheeler makers Hero Honda, Bajaj Auto and TVS Motors, too, underplayed the anticipated impact of Nano, saying the two-wheeler market would remain unaffected by the onslaught of Nano.
Talking to reporters on the sidelines of the annual session of CII, Mr Bhargava said, “Nano may impact the sale of our entry-level model Maruti 800. This is natural whenever a new car is launched in the market. Nano will also expand the market and add incremental numbers to the domestic passenger car market,” he said.
Asked about the plans of the company to counter the competition, Mr Bhargava said that Tata’s Nano and Maruti Suzuki’s small cars fall in two different segment. “There is no direct competition,” he said. Hero Honda MD and CEO Pawan Munjal said that Nano has not impacted the two-wheeler market from the day it was show-cased.
source : economic times