UPDATES: Jeep has officially revealed the prices of the new Compass in the country. Tagged as the first made in India compact SUV from the brand, the Jeep Compass has been priced starting at Rs 14.95 lakh and top end model is pegged at Rs 20.65 lakh.

Well, with such a jaw dropping price for the Compass, the question at the back of everyone's mind is whether Jeep will change the dynamics of the compact SUV market believed to be one of the fastest growing segments in the country. So will the Compass take the reins and lead the way?

13.25 pm: Jeep Compass India full price list (ex-showroom)

1.4L petrol 2.0L diesel
Sport 14.95 lakh Sport 15.45 lakh
Limited 18.70 lakh Longitude 16.45 lakh
Limited Option 19.40 lakh Longitude (O) 17.25 lakh
--- Limited 18.05 lakh
Limited (O) 18.75 lakh
Limited 4X4 19.95 lakh
Limited (O) 4X4 20.65 lakh

13.09 pm: And the range topping variant of the Compass is priced at Rs 20.65 lakh.

That is the way to go Jeep! Absolutely stunning.

13.07 pm: And there you go! The new Jeep Compass prices start at Rs 14.95 lakh (ex-showroom). Full price list coming soon.

13.02 pm: 4WD and 2WD diesel deliveries to begin first. Petrol to begin around Diwali.

In case you have missed that gala event of Jeep Compass, here it is.

13.01 pm: The new Jeep Compass takes the centre stage.

12.57 pm: Jeep will start the delivery with these variants.

12.55 pm: Pre-booking data indicates more demand for diesel 4X2 and 4X4 variants.

12.54 pm: Jeep Compass TVC is being played on the screen.

12.51 pm: Jeep Compass already has over 5,000 confirmed bookings and still counting.

12.50 pm: GST has influenced the pricing of Jeep offerings in India.

12.46 pm: Jeep Compass will come in mainly three trims.

12.45 pm: Jeep is expanding in India and already has 50 dealership networks across the country.

12.40 pm: What should be the ideal price for the new Compass?

12.39 pm: Jeep has come a long way since its entry into the market in last August, says Kevin Flynn.

12.38 pm: Kevin Flynn, president and MD, FCA India is on the stage to reveal the prices of the new Compass.

12. 36 pm: And there comes the all-new Jeep Compass. Wow!

12.35 pm: And finally, it begins! The new Compass launch event kick-starts. Stay tuned.

We are just minutes away from the launch of new Compass. Stay tuned.

12.21 pm: The Compass is expected to clock larger numbers for the Jeep in India if the early trends are taken as an indication.

12.15 pm: The wait for the Compass SUV is almost over. Here is a quick recap of Compass.

12.11 pm: Compass will be pitted against Hyundai Tucson and Skoda Yeti. The top-end version of the Compass may also pose a challenge to BMW X1 M and Audi Q3 range.

12.08 pm: Will Compass change the fortune of Jeep in India?

12.05 pm: Jeep introduced the new Compass globally in September 2016 and made its India debut in April this year. At the front, Jeep features seven-slot grille finished in gloss black and the headlamp bezels have a black outline. The clamshell hood with a double brake line and centre bulge adds the off-road appeal of the SUV.

It's 12.00 pm. The excitement is in the air. Jeep to reveal the prices of Compass soon.

11.55 am: The Jeep Compass launch proceedings to begin shortly.

2017 Jeep Compass, 2017 Jeep Compass India, 2017 Jeep Compass launch
2017 Jeep CompassJeep

11.45 am: We are all excited to see how Jeep will turn out with its new offering. We will get the answer shortly.

 11.43 am: The Jeep Compass launch is happening soon. Stay tuned! More updates coming soon. 

11.40 am: Recent reports suggested that the bookings for the new Compass have gone up to 4,000 already.

11.35 am: The Jeep Compass will offer features such as 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto, Dual zone climate control, HID head lamps, LED tail lamps, Rear camera, 17-inch alloy wheels, Push button start, and Rear parking sensors.

Check out the variant wise features of the new Compass here.

2017 Jeep Compass variants
2017 Jeep Compass variantsIBT Media/ Raghavendra N

11.32 am: Jeep Compass will come with a dedicated four-wheel-drive system and the Terrain Select, which will allow the driver to choose a variety of driving modes - snow, sand or mud.

11.30 am: The new Compass will hit the market with 50+ safety and security features such as six airbags, Electronic Stability Control (ESC), Hill Start Assist Control, and Traction Control, Anti-lock Braking System (ABS), Electronic Brakeforce Distribution (EBD) and Panic Brake Assist.

2017 Jeep Compass engine
2017 Jeep Compass engineIBT Media/ Raghavendra N

11.27 am: The Compass has fuel tank capacity 60 litres and the kerb weight of the SUV is 1,537 kg.

11.25 am: The Jeep Compass measures 4,395 mm in length, 1,816 mm in width, 1,640 mm in height and comes with a wheelbase of 2,636 mm.

11.20 am: The Ranjangaon plant will be producing right-hand-drive Compass units destined not only for the Indian market but other RHD markets such as Japan, South Africa, Australia and the UK.

11.15 am: Did you know FCA has invested a whopping $280 million in the plant to support the local production of Jeep?

11.00 am: Jeep Compass India launch event will kick-start at 12.30 pm.

The day has finally arrived. The highly anticipated Compass, the compact SUV from the iconic brand Jeep is all set for its launch in India on Monday, July 31. The SUV maker will reveal the prices of the new Compass today, putting an end to rumours and speculations.

The Compass is the most crucial launch for Jeep in India. The Jeep, which opened its innings in the country in August 2016, is pinning high hopes

 on this model. The new SUV is also the first made in India offering of the brand, made at FCA's Ranjangaon plant and is expected to be the most affordable offering from the company. The new Compass is rumoured to be priced in the range of Rs 18 lakh to Rs 23 lakh. Jeep opened the bookings for the Compass in June and the numbers were in 1000s in just three days of opening the bookings.

2017 Jeep Compass
2017 Jeep CompassJeep India

The Jeep Compass will be offered mainly in three variants — Sport, Longitude, Limited — and exclusive sub-variants for diesel models — Longitude (O) and Limited (O). Under the hood, the new Compass will get a 2.0-litre MultiJet diesel engine and a 1.4-litre MultiAir turbo petrol engine options. The diesel mill will develop 170 hp and 350 Nm of torque mated to a six-speed manual transmission. On the other hand, the petrol mill will belt out 160 hp. A six-speed manual and a seven-speed dual-clutch automatic will be offered with the petrol mill.

Stay tuned to get all the updates on the Jeep Compass from the launch floor of the SUV.