Nano, Indica to be among India’s top three cars: JD Power
23 Sep 2010
Nano, the small car from the Tatas that shook the market, is projected to become India's second-best selling car next year, according to market research firm JD Power.
According to a report by JD Power, Nano will replace Hyundai's i10, which is slated to take the second position in 2010 after Maruti Suzuki's Alto. Tata Motor's Indica will be the third best seller this year.
"The Nano is projected to hold the number two spot in 2011 after Tata ramps up production," JD Power Asia Pacific Forecasting senior market analysts Marvin Zhu and Ammar Master said in a joint article. "By 2017, we think the top three models will be the Alto, Nano and Maruti Suzuki Wagon R," it said.
Currently Alto is the highest selling car brand in the country, selling on an average of 25,000 units every month.
The report adds that combined sales of mini and sub-compact vehicles would be 9,97,000 units in 2010, increasing to 3.14 million units by 2017.
The size of the Indian domestic passenger car market stood at over 15 lakh units in 2009-10 and it is growing at a rate of about 30 per cent every month in this fiscal.
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