Will used car market drop? Wait and watch: Dealers

Dealers of used cars are very cautiously watching the market trend after the launching of world’s cheapest car Tata Nano. They says that Tata Nano might be a cost effective vehicle but we need to 'wait and watch' for its performance. R Srivatsan President of MyTVS, part of the TVS Group engaged in selling used cars said that they were expecting around 30-40 per cent drop in the market of A and B segment vehicles. However, once the car (Nano) hits the road, they would know the exact figure on that. For the exact results, we have to wait and see on how the market responds, he said. Speaking in similar terms, Saravanan, an official of Toyota First, engaged in selling used cars and a subsidiary of Lanson Toyota Group, said Tata Nano might be a cost effective vehicle but we need to 'wait and watch' for its performance. When Maruti 800 was launched in the country, another vehicle Dolphin was also unveiled but we all know which has been successful, similarly, only after the Nano being formally unveiled we may come to a conclusion, he said.

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