Maruti Udyog to make Grand Vitara in India

Maruti Udyog to make Grand Vitara in India

Maruti is already the leader in the small car segment in India. However, they are now planning to have a bigger share of the premium car segment with the launch of the Baleno replacement which would be based on the SX4.

The company is also likely to launch an updated Grand Vitara model which would be manufactured in their Indian factory.

Maruti currently import the SUV as completely built units. They are likely to sell the SX4 sedan for Rs 7-8 lakh and might launch this car in the first half of May in three variants.

This car when launched would take on Honda City, Hyundai Verna, Ford Fiesta, Chevrolet Aveo and others. A company representative said in a statement: “The Company wants to change its image with the SX4 launch and will feature it as a cleanup market car. With the development, Suzuki will also attempt to move from being a compact car giant to a complete carmaker across different segments.”

Huzifa Suratwala, research analyst, Emkay Share and Stock added his views: “Despite being the largest car company, Maruti has dated models such as Esteem and Baleno. The new models will strengthen its position and help it take advantages of the high growth in the premium car segment.”