Maruti rules out price cut to compete with Nano
Country's largest car maker Maruti Suzuki India on Thursday said it has no plans to cut the price of Maruti 800 to compete with Tata Motors' Nano.Updated: Sep 04, 2008 10:12 IST
Country's largest car maker Maruti Suzuki India on Thursday said it has no plans to cut the price of Maruti 800 to compete with Tata Motors' Nano.
The company will be launching its new compact car A-Star by October this year followed by Splash next year.
"We are not in a position to get into that segment (Nano)... And we have no plans to cut the price of M 800 (Maruti 800) to compete with Nano," Maruti Suzuki India Managing Director Shinzo Nakanishi told reporters on the sidelines of the SIAM Annual Convention 2008 here.
He said the company will be launching its new global compact car A-Star in India by October this year and will start exports of the same by December-January.
"We will launch Splash in India next year," Nakanishi said.
He said the company is hopeful of good sales during the festive season, but added that margins are under pressure due to rising input costs.