1 post tagged “and new launch”
Many car manufacturers are entering the small car market
segment. The companies with big names like Maruti-Suzuki, Honda, Volkswagen,
Fiat, Ford and Toyota
which are anticipated to hit the car market restoring the record for as much as
75% of car sales by 2010.
In order to help the buyers the car manufacturers are offering bulky discounts to ease their existing stocks and for the easy entry of new cars in India.
The forthcoming new cars would have variants loaded with most advanced features like ABS, automatic drive, and airbags. These elite cars come in the range of Rs 3 lakh - Rs 5 lakh (excluding the Rs 1 lakh marvel Tata Nano).
So to avail the benefits of the subsidized excise duty for small cars, the car models under-4m would sport engines below 1200cc in petrol and below 1500cc in diesel.
There is going to be a sizzling competition between the car manufacturers in the small-car sector. Whereas Maruti-Suzuki is set to roll out Splash and A Star by year-end and Hyundai is set to introduce i20 at the same time. Even Fiat Grande Punto is expected before the end of the year and Tata Motors is also ready to hit the Indian market with its new version of its Indica, which has been one of the popular cars in the market.
