Ultra Low Cost Car Market: Global Industry Analysis and Forecast to 2020
Ultra low cost cars are those costing between USD 2,500-USD 5,000 which are designed for the low income population of a country. The demand for ultra low cost cars can be seen mostly in the developing countries such as India, China, Malaysia and Vietnam. The volume sales are high in case of ultra low cost cars; however the profit margin per unit to the manufacturer is very low. The easy availability of vehicle finance is one of the key reasons...
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