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Car Market

Tuesday, September 2, 2008

In the car market all the big companies are ready to launch their brand after TATA's Nano. Economy is slowdown and car market is also bearish but all the company creating market for car, why? I don't think the economy will cover its inflations after a year but what about car industries.

TATA, Hayndai, Bajaj, Honda, or BMW now all are targeting for Indian market to invest. They are thinking India is in growing market and here small car has more demand but they don't think that after inflations and economical problem what customer are thinking.

I think all the market are in slow down along with car market. A news announced that rather than new car used car on more sell. “In this fiscal so far, we have sold almost 44,000 used cars at a growth of 31 per cent,” said Ravi Bhatia who is the General Manager of Maruti Suzuki India Ltd.

According to review about 78% people are using 1st time buying car while 1.15% is increasement in the used car and expecting it will be about 2.6% by the 2010.

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