Maruti Suzuki will soon launch a new small car with a 1 litre engine, reports CNBC-TV18 quoting sources. The launch is expected by July or early August and will sport a KB Series engine. Sources say the car is likely to be priced in the range of Rs 3-3.5 lakh.
Maruti Suzuki will soon launch a new small car with a 1 litre engine, reports CNBC-TV18's Swati Khandelwal quoting sources. The launch is expected by July or early August and will sport a KB Series engine. Sources say the car is likely to be priced in the range of Rs 2.75-3.25 lakh.
Maruti had in the month of May clocked a sale of 1.02 lakh units compared to 79,872 units in the year-ago period. Earlier in the month of April, it had sold 93,078 units.
In an interview to CNBC-TV18, the company's CEO Marketing , Mayan Pareek had said that the top 10 cities were seeing a 25% industry growth. He had said that in the A2 segment Alto had the highest sale in May followed by Swift.
Maruti, the largest small car manufacturer in the country with over 50% market share hopes that this car will fit in between the Alto and the Spark, the two small cars in the lower end of the equilibrium.
The new car is expected to pre-position or replace the Alto as far as the numbers are concerned. The car, sources said, will be a global product with parts of the design being picked up from Servo a 650cc Japanese car.
Maruti Suzuki stock price
On August 31, 2015, Maruti Suzuki India closed at Rs 4167.50, down Rs 40.5, or 0.96 percent. The 52-week high of the share was Rs 4689.20 and the 52-week low was Rs 2763.05.
The company's trailing 12-month (TTM) EPS was at Rs 137.11 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 30.4. The latest book value of the company is Rs 784.70 per share. At current value, the price-to-book value of the company is 5.31.
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