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By PTI | 11 Aug, 2013, 06.22PM IST 3 comments | Post a Comment
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"The new compact model from Maruti will be positioned
between the WagonR and the Swift. It will make its debut at
the Auto Expo," a source said.
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Maruti to launch rival to Hyundai's
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READ MORE ON WagonR | swift | suzuki | Maruti Suzuki India | market share | Hyundai Motor India | Grand i10
NEW DELHI: The competition in the
compact car segment is hotting up, with
market leader Maruti Suzuki India
BSE 3.89 % set to launch a brand new model
early next year in response to rival
Hyundai's soon-to-be-launched Grand i10.
According to sources, the new model along
with the upcoming WagonR Stingray will
be the key fresh products for Maruti Suzuki
India (MSI) to defend its market share amid
the ever increasing competition.
"The new compact model from Maruti will
be positioned between the WagonR and
the Swift. It will make its debut at the Auto
Expo next year," a source said.
When contacted, a spokesperson for MSI
said: "We do not comment on our future
product line-up."
India's Auto Expo will be held between
February 6 and 12, 2014, at Greater Noida,
moving away from the traditional venue of
Pragati Maidan.
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Maruti to launch rival to Hyundai's Grand i10 early next year - The Econo... http://economictimes.indiatimes.com/news/news-by-industry/auto/automo...
1 of 4 11/08/2013 7:16 PM
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Toyota aims sales growth in North
East, plans dealership expansion
Hyundai Motor India
is already looking to hit at MSI's successful
Swift by bringing the Grand i10, slated for launch nationally on September 3 with both
diesel and petrol options.
By bringing the new model a tad below Swift, MSI is looking at the new model to counter
the Grand i10.
While the WagonR is currently priced between Rs 3.57 lakh and Rs 4.48 lakh
(ex-showroom Delhi), Swift is available in the range of Rs 4.48 lakh to Rs 6.87 lakh
(ex-showroom Delhi).
MSI is also gearing up to launch WagonR Stingray ahead of this festive season as it
looks to enhance its leadership position in the market.
The Indian passenger vehicles market, including cars, stood at 6,07,469 units in the
April-June quarter this fiscal and MSI had a share of 40.38 per cent with 2,45,346 units.
Carmakers are betting on new models to beat the downturn in the market. Sales have
been on a continuous decline for a record eighth month in a row in June. In the first
quarter of this fiscal, passenger vehicles sales have declined by 7.24 per cent from
6,54,858 units in the same period last fiscal.
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READ MORE ON WagonR | swift | suzuki | Maruti Suzuki India | market share | Hyundai Motor India | Grand i10
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NEWEST OLDEST MOST DISCUSSED AGREE LOGGED IN COMMENTSNEW!
With this type of competition definately customer is going to be benefited.
Agree (0)
Disagree (0)
Recommend (0)
Offensive
It would be great to see Maruti's new model
Agree (0)
Disagree (0)
Recommend (0)
Offensive
Both the companies are excellent. The will not sit quite on their successful products base.
They invent and bring to the market choicest products as per the liking and demand. That
is why they are world class. I would like our own Tatas Mahindra's be like them with
increasing concentration on R&D with hiring manpower best in the world.
Agree (1)
Disagree (0)
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