India People’s Car – Only $2,500
The small-car market in India is dominated by Hyundai Motors India, Tata and Maruti Suzuki. Maruti Suzuki has the models already as low as 195,000 rupees (about $5,000). Renault-Nissan has been talking with local scooter manufacturer Bajaj Auto to build a cheap car cost about $3,000, whereas Hyundai is adding a new small car model and Honda is planning a small car tailored to the Indian market. Fiat stepped up a 50-50 joint venture partnership with Tata.
Read The New York Times full article here
US $2,500 for a car is the right price. All the while, the car manafacturers making such a huge profit by taxing the consumers.
ReplyDeleteWhen a company reducing price, all the other companies are follow. The senario proof that the profit margin of the cars is too big.
with the price cut war, India market will be monopolized by the cheapest car producer. Might be scooter manufacturer Bajaj Auto can produce the car same price with scooter, then you are the BIG BROTHER of the car manufacturer in the WORLD.
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