Research report points Nano to be the second best selling car in 2011
The research firm headed by JD Power revealed that the world’s cheapest car Nano is all set to secure the position as the second best car in the next fiscal. This will eliminate Hyundai’s i10, which is running close to Maruti’s Alto for the said slot for this year and Tata Indica will be the third best. This would materialize when Tata streamlines the production and delivery of Nano in a proper set up, said the research firm’s Asia Pacific Forecasting Sr. Manager. The three models which are likely to rank in another 7 years would be Alto, Nano, Maruti WagonR, the report said. The current number 1 is Maruti Alto with the sale of 25000 units per month. The projected sale for the year 2010 for all the mini and sub-compact segment is 9,97,000 units which indicates a projected increase for 2017 to 3.14 million. The year 2009-10 saw the volume of 15 alkh units of passenger car which undergoes an increase by 30% every month as of now.
Nano from Tata on roads since 2009 is reaching the booked customers on phases and upto date one lakh customers are on the listing. Tata manufactures this car from Sanand at a capacity of 2.5 lakh annual units. Nano is making news despite some remarks over the fire incidents on six units recently. The latest one was on August 27 and Tata was imminent to respond by claiming that it will look into the incident with due care.
JD Power disclosed that the major constraint for the manufacturers of small cars in India is the cost factor, which they have to maintain amidst rise in components cost. The motive behind the small car movement is that the government is releasing incentives for the small car buyers. The cars under 4 metres length and with 1200cc petrol engine/ 1500cc diesel engine are covered under this incentive measure, by 10% against 22% levied on other vehicles.