Nano counter-attack: Maruti to roll out Ritz by May

Published on Tue, Mar 24, 2009 at 15:54 |  Source : CNBC-TV18

Updated at Tue, Mar 24, 2009 at 16:06  

113545 Investors following Tata Motors. Share this News with them.
0
0
Share on Tumblr
Nano counter-attack: Maruti to roll out Ritz by May

ALSO READ

Other Stocks in this news

Maruti Suzuki India | Hero Honda Motors |

Seen as a counter attack to Tata Motors ' recently unveiled Tata Nano, automobile major Maruti Suzuki  is aggressively working towards launching new cars and improvising the existing ones.

In a tussle to capture the Indian passenger car market, Maruti is likely to launch Maruti Splash or Ritz in the second week of May. Ritz will mount a 1.2 litre (KB series) petrol or 1.3-litre diesel engine and will be priced at around Rs 4-5.5 lakh. It will be positioned above WagonR but closer to Swift. Swift's petrol version may also be replaced by the 1.2-litre KB engine when Euro IV norms kick-in.

Maruti is also likely to launch its new Alto in early 2010. When contacted Maruti said, "We will launch Ritz in the next fiscal." Also, Honda Motors is expected to launch Jazz by mid June.

  

More on Moneycontrol

Trending News

Business News

Tech2's Nokia Lumia Contest is Live
Forget the IIP: there's free cash oozing out of every pore "Forget the IIP: there's free cash oozing out of every pore "

DLF Says Macro Environment Unfavourable W/High Comm & Labour Inflation

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 10 2012, 21:39

Tulsian buys steel stocks; negative on sugar, ADAG

- in MARKET OUTLOOK

Feb 10 2012, 21:39

Truck demand sluggish; margins down 80bps: Shriram Trans

- in Results Boardroom

Interviews

Feb 10 2012, 15:43 | Source: CNBC-TV18

Growth in margins sustainable going forward: Shasun Pharma  

Feb 10 2012, 15:35 | Source: CNBC-TV18

Expect Q4 GRMs to be similar to Q3: BPCL  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com