Respectfully, its not as simple as that. For many months there were minimal car sales due to covid. Did that bring down prices or finish ‘own’?
Even right now its not as if demand is through the roof for cars like Tucson but they are purposely producing very low volumes and selling at high margins plus encouraging the whole ‘own’ machinery.
And how can you realistically expect that in a country of 200 million, with an abysmal public transport system that consumers will somehow unite and start some kind of boycott movement to teach the manufacturers a lesson.
The problem is created by the government itself by giving an unfair advantage to these comapnies in the form of ridiculous import duties and by allowing them to operate a cartel at the cost of consumers. No other country in the world protects any industry (where the players arent even local companies) with such high tariffs. The ‘localization’ and ‘saving foreign exchange’ claims are all unproven as well.
And the last auto policy has failed miserably. No other way to spin it. We got a grand total of 2-3 new models (some of which arent really ‘new’, others you cant even buy) and the new entrants seem to be following the same old playbook. No company seems interested in making any meaningful investment. Instead they want to sell discontinued models at the maximum possible prices because of the absence of any real competition.
Yet we are bent on trying to reinvent the wheel. All over the world, governments encourage competition because it creates efficient industries which not only benefits local consumers but opens up avenues for exports. We on the other hand will continue this experiment for God knows how long.
