Emphasising on the importance of the sedan in the company’s portfolio, he said that over 1.70 lakh units of Ciaz have been sold till date since its launch in October 2014. The Ciaz S will be available in both petrol and diesel trims.
While the “fast changing regulations have also created a dynamic business environment”, Maruti Suzuki India MD and CEO said, “the auto industry is a policy sensitive one, and a change in regulation can have far reaching impact on our growth or direction of technology and manufacturing.”
While the Ignis Alpha AGS petrol variant is priced at Rs 7.01 lakh, the diesel variant is available at Rs 8.08 lakh, ex showroom, pan India. This newly launched variant is also the latest model to have a two-pedal technology in its portfolio that makes it a handy vehicle in urban road conditions as well as a fuel efficient model.
The automaker said sales of the compact segment comprising Swift, Estilo, Dzire, Baleno and Ignis rose 1.3 per cent to 40,496 units in June compared to 39,971 in the same month last year.
Post GST launch people looking forward to purchase SUVs and sedans will benefit more from the new GST scheme as compared to buying a smaller car. Bigger cars like SUVs and sedans will go down to a maximum of Rs 3 lakh from its original pricing.
Maruti’s premium models clocked in good numbers and the small or mini car segment too fared well. The carmaker is tipped to emerge the biggest beneficiary of impending demand recovery, given its presence across segments.
For the Ignis, the company says it has invested over Rs 950 crore for vehicle development.
The new model will be sold through the company’s Nexa premium outlets.
The car will be available in 1.2 litre petrol- and 1.3 litre diesel-engine options. It will also offer automatic gearshift option on both fuel options.
Domestic sales of the company rose 10.6 per cent during the month to 1,13,162 units as against 1,02,359 units in the same month a year ago.
The dealers will begin contacting car owners starting from May 31.
The firm said sales of compact segment, comprising Swift, Estilo, Ritz, Dzire and Baleno increased by 8 per cent to 45,700 units in April as against 42,297 units a year ago.
Misses expectations with a 12% year-on-year decline in its net profit to Rs 1,133.6 crore during the January-March quarter.
The company’s volume share in top 10 stood at 68 per cent in 2014-15 with sales of 9,12,415 units.
For its intended purpose and segment, the Vitara Brezza is a well-rounded vehicle with no acute handicaps