Indian car market is the most popular destination for foreign car manufacturer companies as they get wide scope for their products. It is also considered as a largest market of the world that helps them to earn the huge revenue. Thought the auto market is dominated in India by some domestic automobile companies such as Maruti Suzuki, Tata, Mahindra, still foreign car manufacturers like Hyundai, Toyota, Ford, and more made their stand strong and gave tough competition to such domestic auto giants.
Earlier, Indian car market was recognized for great business place only for small cars in India, by the changing of time, it changed its portfolio with the growing needs of car lovers and lured some top most brands such as Mercedes, BMW, and Audi. Today, it is jam packed with all segments of hatchbacks from different brands.
Maruti Suzuki, considered as a spinal cord of Indian car market, certainly played an important role to cater the desires of middle class buyers by offering them plethora of options at affordable price. Who can forget the most popular car, Maruti 800, developed by Maruti Suzuki in 1980’s, which attracted people from every class and brought a great revolution in domestic car market? It became huge popular car, not even in India, in fact lured international buyers and became the great reason for overnight popularity for Maruti Suzuki.
Though Maruti still continues its domination by offering several new variants in small cars in India segment, it witnesses tough competition from some foreign auto giants such as Hyundai, Ford, General Motors, and more. Besides that some other domestic automobile companies like Tata and Mahindra, also became lead competitors for Maruti Suzuki.Read more...
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