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Now here is the interesting point ... Maruti has not stopped production of 800 model. Wonder why? Because when the TATA 1 Lakh car would be launched, immediately within a day or maybe the same day of TATA's launch, Maruti would launch a stripped down version of 800 at a price which would be a little more than TATA's car.
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This is what I have been predicting too. It hardly costs Maruti anything to make the 800; what with manufacturing it for over two decades. It wont be too difficult for them to price-cut it heavily. I also agree with Bunnypunia that the 1 lac car will not be 1 lac OTR. It could be anywhere between 1.3 - 1.5 lacs when all taxes, insurance etc are taken into the picture.
Therefore, its main competitors will be the Maruti 800 AND user-car options. A significant amount of its potential buyers could choose a "proper" decently equipped car over the expectedly basic 1 lac car.
Any guesses on what Tata will name the one lac car?