The magical date is March 23rd. The day Tata will formally launch the much anticipated Nano or the $2,500 car.
As the world tries to understand what is happening or will happen to the auto industry here in the US, take a look at who is buying cars. India. Seen here as presented in the Business Standard.
Domestic passenger car sales
|Company||Feb 08||Feb 09||% change|
|Mahindra & Mahindra||12,562||14,720||17*|
|*utility vehicles Source: Companies|
The percent change in prices month over month are exciting. India has put programs in place to encourage purchases through loans. If Indians are purchasing now — I predict a line at the Tata dealership at the end of the month.