The Hindu Business Line : Nano to bring down price of used cars: Dealers

CHENNAI: With the much awaited world's cheapest car 'Tata Nano' car launched, dealers of used cars forecast around 30-40 per cent dip in the sales of used small car in the country.

Due to its ‘low’' price tag, many customers opting to buy a used car may plump for a new Nano, though it comes comparatively with lesser cubic capacity, Mr R Srivatsan President of MyTVS, part of the TVS Group engaged in selling used cars said.

“It is because of this factor, we are expecting around 30-40 per cent drop in the market of A and B segment vehicles'', he said.

“However, once the car (Nano) hits the road, we will know the exact figure on that,” he said. Stating that the Nano design was very good and attracts more buyers, he said once the booking starts for Nano, there would be less number of people going for us ed small cars”.

For the exact results, “we have to wait and see on how the market responds,” he said. Initially, there may be a slump in the sales of used cars especially Maruti 800, Alto and Hyundai Santro range of vehicles, he said. - PTI

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