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The increasing competition, which has developed because of the large used car market. This has forced car suppliers to lower their prices and try to develop cheaper cars that can compete with the low cost second hand vehicles. There are environmentally led legislations, which is forcing the size and shape of cars to change, the demand and need of the customers are also the one of the reason behind this.
Rationale Behind the Scene:
Tata's Nano is a result for a variety of reasons. We believe that it is going to fundamentally change the way the automobile sector functions. And here is why.
• Tata Nano is not just about low-cost, but also about high technology...
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