BY | August 12, 2013

Hyundai Grand i10 will face challenge from a new Maruti Suzuki car as the Japanese carmaker’s Indian subsidiary will not let Grand i10 go unchallenged

After remaining dormant for several months now, Maruti Suzuki, the unbeaten leader of the compact car segment in the India is ready to strike back with a vengeance by launching a brand new set of wheels that would be giving a tough fight to yet to be launched Grand i10 from the house of Hyundai.

The move that is being seen as the remedial measures by Maruti Suzuki India (MSI) to defend its market share that was under the threat of a take over from rival automobile manufacturers, the company would be rolling out an undisclosed new model along with the upcoming WagonR Stingray.

Though the company officials have refrained from making any comments on the impending launch, sources have revealed that the new compact model from Maruti will be positioned between the WagonR and the Swift and will be making its debut at the Auto Expo to be organised at Greater Noida between February 6 and 12, 2014.

Meanwhile it is being anticipated that MSI would be rolling out its all new WagonR Stingray before the beginning of this festive season so that get on to their numero Uno position in the car market. The WagonR is currently carries the tag between Rs 3.57 lakh and Rs 4.48 lakh (ex-showroom Delhi) its Swift is available in the range of Rs 4.48 lakh to Rs 6.87 lakh (ex-showroom Delhi).

It may be mentioned here that in a recent study it was mentioned that the Indian car market had 6,07,469 units sold in the April-June quarter of the current fiscal year out of which MSI had a share of 40.38 per cent with 2,45,346 units.

RELATED

Target trying to regain merchandising authority, cuts forecast for Q2. The retailer seems to be affected by data breach of last year. Target has reportedly slashed full-year forecast as the loss it suffered from its data breach last year seems to be still affecting the...

Russian ban to cost Dutch economy 300 mln euro BRUSSELS: Russia's ban on import of agricultural goods from the EU will have an impact on 5,000 jobs in the Netherlands and will cost the country's economy 300 millions euros, the Dutch national statistics office CBS reported...

Japan-Oman tax treaty to be in force next month TOKYO: A double-taxation avoidance agreement between Japan and Oman is expected to enter into force next month, the Japanese Foreign Ministry announced Monday. Japan notified Oman on Sunday of the completion of its internal...

Quantum computing methodology is certainly going to be a gigantic leap for next gen development Quantum computing methodology seems to be the most talked about thing across the tech world at the moment. This is because of the fact that if the latest development is actually...

Microsoft Nokia Lumia 530 with 512 MB RAm @Rs7349 is expensive. Nokia should have priced it at Rs 6500 at the most. If you are among the people who love Windows Phone handsets and wanted it cheap, this is the right time to go for it. Microsoft, the new Nokia masters have...