No Nano impact on us: Two-wheeler manufacturers
Major two-wheeler manufacturers are unanimous that the Tatas' Nano will have no impact on their business.autos Updated: Mar 26, 2009 15:43 IST
Major two-wheeler manufacturers are unanimous that the Tatas' Nano will have no impact on their business.
"Nothing much has changed since the unveiling of Nano at the Auto Expo except for the announcement of prices. I still maintain it is not going to have any real impact on two-wheelers," Hero Honda Motors Managing Director and Chief Executive Officer Pawan Munjal told reporters on Thursday in New Delhi on the sidelines of the CII Annual Session.
He said going by the price there is a fair difference between the cost of ownership and maintenance of the Nano and two-wheelers.
TVS Motor Company Chairman Venu Srinivasan said, "There will be no major impact on two-wheelers. It (Nano) will create its own segment."
In a similar vein, Bajaj Auto Chairman and Managing Director Rahul Bajaj said, "I don't see a Pulsar buyer going to Nano. He wants a Bajaj Pulsar, not a Tata Nano."
However, the country's largest car maker, Maruti Suzuki India on Thursday said that "Tata Nano" may have a marginal impact on the sales of the Maruti 800 but ruled out cutting price.
"It (Nano) may have a marginal impact on the Maruti 800 segment, but we don't have any plan to cut its price or enter (the) Nano segment," Maruti Suzuki India Chairman R C Bhargava told reporters.