Maruti 800 slashed by the Nano effect

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The Tata Nano won’t go on sale until October but the Maruti 800 already suffers from the cheapest car in the world.

In January the 800 sales dropped by 20 percent and prices for a secondhand model dropped by 30% in just two months.

The Nano’s website recorded more than 10 million visitors since its launch.

Despite denying the will to develop a cheaper model than the 800, Maruti executives might rethink about it next year after the sales results of the Nano. Other carmakers don’t hesitate and Hyundai plans to launch a Nano’s competitor by 2011. Renault-Nissan has similar plans.

Source: Autocar

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