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

Mumbai: A benchmark index of Indian equities markets closed Tuesday's trade around 324 points down, as capital goods, banks and automobile stocks plunged. This is the second consecutive sell-out in the market triggered by weak industrial data and anxiety over the US Fed...

BSE

Hyderabad, Sep 16 (IANS) Round-the-clock electricity supply will be a reality in Andhra Pradesh from Oct 2 as the state government Tuesday signed an agreement with the union power ministry under the 'Power for All' scheme. The agreement was signed here in the presence of...

Oil prices will not fall below USD 100-mark for rest of 2014, expert predicts KUWAIT: There should be no anxiety over the global price of oil for the rest of 2014, predicted an expert, who viewed that prices would not fall below the USD 100 mark in spite of their recent drop...

GCC-Chinese ties based on steady oil supply -- report KUWAIT: The Gulf Cooperation Council (GCC) capabilities in steadily supplying China with oil has reflected positively on their relations, an economic report said Sunday. China is an unprecedented consumer of oil from...

US economy 2nd quarter strong performance, raises recovery hopes The US economy recovered more strongly than initially thought in the second quarter with a bigger portion of the growth driven by domestic demand in a bright sign for the future, the National Bank of Kuwait said...