After a fireside gin and tonic and a dinner of dal bhat, or lentil soup and rice.

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The administration and the IMF urged Thailand last year to devalue the bhat.

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Bhat sees a very interesting first quarter next year as consumers, faced with new alternatives, weigh their options in the coming months.

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"Maruti's advantage has been in both time and capital, " says AIAM's Bhat.

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If that did not happen, "no purpose can be served by entering into any kind of dialogue with the government", Mr Bhat was quoted as saying.

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"The new entrants, with their marketing and financing capabilities, are likely to add further impetus to growth in the small-car segment, " says Shripad Bhat, assistant director of the Association of Indian Automobile Manufacturers (AIAM).

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