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Suzuki may cut prices to counter Tata car
Tokyo,
December
28:
In
India,
automakers
are
spending
$6
billion
to
increase
capacity
as
economic
growth
and
rising
incomes
make
cars
affordable
to
more
people.
Vehicle
sales
may
triple
by
2015
in
the
country,
where
only
seven
in
1,000
people
now
own
an
automobile.Suzuki
Motor
Corp,
facing
growing
threats
in
India's
car
market.
Maruti
Suzuki
may
cut
the
price
of
the
Maruti
800
to
compete
with
the
Tata
Motors
small
car.
Cutting prices may help Suzuki maintain dominance in its biggest market as the company faces greater competition from Tata and foreign rivals including General Motors Corp and Hyundai Motor Co. Other automakers including Renault SA have also proposed selling ultra-cheap cars in India, the world's second fastest-growing major auto market.
The Maruti 800 was launched in 1983 and is regarded as an iconic brand that brought in the winds of change in the Indian auto market, used to the Ambassadors and Fiats till then.
Sources
>
