Maruti axes plan to bring a Nano rival

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Added in: Maruti Suzuki

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Maruti Suzuki India Ltd. (MSIL) has dropped the plan to launch the much awaited Tata Nano competitor. At the most, we might just get to see the MR Wagon and Palette concepts at the Delhi Auto Expo next month. As per R.C.Bhargava, Chairman Maruti Suzuki, according to the feasibility studies, the costs involved in producing the 660 cc compact is too high for going ahead with the project. This translates into a possible selling price that is sure to be beyond consumer expectations.

It may be noted that unlike in India, ‘Kei’ cars get tax incentives in parent nation Japan. All those who have been waiting to buy a Nano rival from India’s leading car maker will be disappointed. At least we are.