i was seeing the varius news reports yesterday. no doubt that 1 lac is something very achievable for many of us. the only hard truth is that that "many" come under the middle class (not counting the lower). for example, take me. i'm an average earning person and i can save about a 1000 bucks every month. so to amass the required amount for my small car desire, i'd have to save this money for 100 months. assume income average appreciation then this might reduce to about 72 months. that's a waiting of six years! imagine even lower middle class families desiring cheap cars for their affordability. now where's india heading to?
i still believe that powerhouses like tata and bajaj should consider coming out with 350 cc cars with a ceiling of 50,000 - 60,000. only then would the genuine "common man" gain from such corporate ventures.
