Competition for TATA’s Dream (1 Lakh Car)!

rohitbagai · 8th December 2006, 16:31

In a surprising move, Indian IT hardware company Xenitis has forged a joint venture with China's Guangzhou Motors to float a company, aptly called Global Automobile.
Global Automobiles has initiated discussions to roll out a low-cost car in India. "We are in talks with automobile manufacturers from Singapore and China to launch a sub Rs 1-lakh car and are hoping to enter into a formal agreement with one of them very soon," the Global Automobiles Chairman, Mr Santanu Ghosh, said.
The company is setting up 50 dealerships in the east and about 30 dealerships in towns like Chandigarh, Goa, Pune and Gurgaon. With margins already under pressure, the Indian auto industry has an other worry round the bend.
Sources
cybersteering
The Hindu
Wow Thats Interesting!!

ramki067 · 8th December 2006, 17:30

Its not only that but our own Maruti is determined to give competition with a 660cc car to be rolled out by 2008 end according to reports by Economic Times which specified that Suzuki will be lauching this car having more than 50 bhp of power with a front wheel drive technology...amazing that this vehicle will be more fuel efficient as well as with more power than M800 and even the Alto.

My opinion is if its launched ,then M800 and Alto sales drop and may be have to be phased out like the old Zen..

sbasak · 8th December 2006, 18:11

With so much political trouble in West Bengal regarding land acquisition for Tata's by the Govt. it remains to see when their 1-lakh car can actually roll

CrAzY dRiVeR · 8th December 2006, 20:55

MAruti had proposed another idea... To slash m800 prices... people would buy it for 20k odd more than the 1L lakh car...

esteem_lover · 9th December 2006, 08:49

Looks like the competition is going to make cserious compromises on quality.

condor · 10th December 2006, 07:40

Quote:

Originally Posted by CrAzY dRiVeR

To slash m800 prices... people would buy it for 20k odd more than the 1L lakh car...

and then add optionals like rear seats, spare wheel ..

8th December 2006, 16:31	#1
rohitbagai BHPian Join Date: Aug 2006 Location: New Delhi Posts: 410 Thanked: 259 Times	Competition for TATA’s Dream (1 Lakh Car)! In a surprising move, Indian IT hardware company Xenitis has forged a joint venture with China's Guangzhou Motors to float a company, aptly called Global Automobile. Global Automobiles has initiated discussions to roll out a low-cost car in India. "We are in talks with automobile manufacturers from Singapore and China to launch a sub Rs 1-lakh car and are hoping to enter into a formal agreement with one of them very soon," the Global Automobiles Chairman, Mr Santanu Ghosh, said. The company is setting up 50 dealerships in the east and about 30 dealerships in towns like Chandigarh, Goa, Pune and Gurgaon. With margins already under pressure, the Indian auto industry has an other worry round the bend. Sources cybersteering The Hindu Wow Thats Interesting!!
	() Thanks

8th December 2006, 17:30	#2
ramki067 BHPian Join Date: Sep 2006 Location: BANGALORE Posts: 610 Thanked: 35 Times View My Garage	Its not only that but our own Maruti is determined to give competition with a 660cc car to be rolled out by 2008 end according to reports by Economic Times which specified that Suzuki will be lauching this car having more than 50 bhp of power with a front wheel drive technology...amazing that this vehicle will be more fuel efficient as well as with more power than M800 and even the Alto. My opinion is if its launched ,then M800 and Alto sales drop and may be have to be phased out like the old Zen..
	() Thanks

8th December 2006, 18:11	#3
sbasak BHPian Join Date: Nov 2005 Location: CCU-LTN Posts: 608 Thanked: 14 Times	With so much political trouble in West Bengal regarding land acquisition for Tata's by the Govt. it remains to see when their 1-lakh car can actually roll
	() Thanks

8th December 2006, 20:55	#4
CrAzY dRiVeR Team-BHP Support Join Date: Jun 2006 Location: Bangalore / TVM Posts: 17,181 Thanked: 73,502 Times View My Garage	MAruti had proposed another idea... To slash m800 prices... people would buy it for 20k odd more than the 1L lakh car...
	() Thanks

9th December 2006, 08:49	#5
esteem_lover Senior - BHPian Join Date: Jul 2006 Location: Madras/Py Posts: 7,556 Thanked: 502 Times View My Garage	Looks like the competition is going to make cserious compromises on quality.
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