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| Maruti says no to Nano segment
Last Updated: 2009-03-27 09:34:11
New Delhi: Maruti Suzuki said that it will not enter into a price war to compete with Tata Nano.
While the company admitted that the Nano will impact M-800 sales, the company ruled out the possibility of any price cut on its models.
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“The Nano is in a different segment. Congratulations! Tatas have done great. We are not entering the segment,” said R.C. Bhargava, Chairman, Maruti Suzuki India Ltd, at the sidelines of a CII event.
He said that the launch of Nano will expand the market size.
When asked to react on whether the features offered by Nano were equivalent to M-800 and at a lower cost, Bhargava said, “Possibly. I haven’t driven the car.”
In April-February of this fiscal, Maruti 800 sales have fallen 25 per cent to 46,953 units.
Maruti sees some impact of Nano on sales
Sales outlook
Commenting on the sales outlook for the current fiscal, the company has said that it expected sales to be good in March, but added that it will be difficult to predict sales in the coming months.
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At the same event, Pawan Munjal, Managing Director, Hero Honda, said that the Nano would have not have any major impact on two-wheelers due to the price gap between the car and the entry level bike.
On sales outlook for the year ending March 2009, Munjal said that the company will close the year with a double digit growth.
“Last year we closed at about 3.3 million units. This year we will grow at double digit,” he said, adding that finance was still a huge problem for the two-wheeler industry.
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