It looks like India's auto market is heating up in real forms, as car markers in the country are preparing to battle against all odds with new launches. Now, India's largest passenger car maker Maruti Suzuki is reportedly gearing up for a new launch in the subcontinent auto market to compete with Hyundai's upcoming small car Grand i10, says a new report.
Maruti Suzuki, a name which is celebrated for its cost-effective models, is now coming up with a brand new model for the Indian market to challenge Hyundai's recently announced Grand i10, according to a PTI report. The new car, which is positioned between the WagonR and the Swift, will hit the roads early next year. Maruti is also expected to launch its all new WagonR Stingray around this festive season.
"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 told to PTI. However, Maruti is yet to reveal anything about its upcoming model.
The report came a few days after Hyundai unveiled Grand i10 to take on Maruti Swift. Hyundai's Grand i10, a model which is positioned between i10 and i20, will debut in the country in September.
The car, which will come in both petrol and diesel version, is expected to feature rear AC vents, auto folding external mirrors, 14 inch alloys, dual airbags, parking sensors, Bluetooth-enabled 2-DIN audio unit with 1GB internal memory, anti-lock braking system, smart key and a cool box.
India's auto market has been witnessing a plummeting sales for the past eight months but car makers are hoping to cash in during this festive season. Although market analysts believe that the current blip is likely to continue for some more time, the car makers opined that the volatility of the market will soon see a change.
According to reports, the passenger vehicles sales have declined by 7.24 per cent in the first quarter of the current financial year.