New Delhi: Auto market head Maruti Suzuki thinks that the Rs 1-lakh car projected by Tata Motors is more a threat to two-wheeler makers than car manufacturers.

While addressing stockholders at its yearly general meeting, the company emphasized that a broader product range and new investments will push Maruti’s enlargement in Indian market.

In the meantime, the car manufacturer is also stretching out its discount schemes for the next 15 days.

Jagdish Khattar, MD, Maruti Suzuki stated the company’s shareowners that each and every company has its own policy and Maruti will not act in response to another company’s plan.

“Every company has its own strategy and if we keep on reacting to them, our own strategy would fail. We kept on saying in the past, and even now foreign experts and analysts are saying the same thing, that the Rs 1 lakh-car will be more of a competition to motorcycle makers,” Mr. Khattar added.