Will used car market drop? Wait and watch: Dealers
Dealers of used cars are very cautiously watching the market trend after the launching of world’s cheapest car Tata Nano. They says that Tata Nano might be a cost effective vehicle but we need to 'wait and watch' for its performance. R Srivatsan President of MyTVS, part of the TVS Group engaged in selling used cars said that they were expecting around 30-40 per cent drop in the market of A and B segment vehicles.
Vikas
Published On Apr 03, 2009 18:20 IST
Published OnApr 03, 2009 18:20 IST
Last Updated OnApr 03, 2009 18:20 IST
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However, once the car (Nano) hits the road, they would know the exact figure on that. For the exact results, we have to wait and see on how the market responds, he said. Speaking in similar terms, Saravanan, an official of Toyota First, engaged in selling used cars and a subsidiary of Lanson Toyota Group, said Tata Nano might be a cost effective vehicle but we need to 'wait and watch' for its performance. When Maruti 800 was launched in the country, another vehicle Dolphin was also unveiled but we all know which has been successful, similarly, only after the Nano being formally unveiled we may come to a conclusion, he said.
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<p>A totally people's person Vikas Yogi ventured into journalism 5 years ago. He started his career as a journalist for an online media agency, where he worked on few of their best online projects. Later on, he was given command of their entire content development division, where he single handedly managed and developed content for various domains ranging from Telecommunications, Electronics, Home Appliances, Fashion, Lifestyle to his favorite 'Automobiles'.</p>
<p>He has spent more than 3 years writing about the automobiles and being a car fanatic, he has got the right blend of enthusiasm and knowledge that is required to keep the readers' spirits up. Known for his wits and puns, Vikas is leading a team of journalists as an expert on automobiles but surely not limited to being one.</p>Read more
