The vehicle is rumoured to be ready for launch and could be a Nexa exclusive.
While keeping the essence of the car same, Maruti Suzuki has invested a lot of time and effort in improving the Wagon R, and it shows.
An overview of one of India’s most popular hatchback against its competitors.
The country’s largest car maker Maruti Suzuki grew by 7 percent while Hyundai grew by 9 per cent and Tata Motors grew by a scorching 84 percent during last month.
The company, which had 6 models on the top 10 selling passenger vehicles (PVs) list in January 2016, is driving towards 50 percent market share in the segment.
The variant--'Wagon R Felicity' comes with various features including reverse parking sensors with display and voice guidance, body graphics and rear spoiler.
Maruti Suzuki India maintained its leadership position in the domestic passenger vehicle (PV) market in December, with six of its models featuring in the top 10 brands last month.
The car would be the first to be developed at Honda's local research centre and will be positioned above small, cheap entry-level models, such as Maruti Suzuki's Alto and Wagon R, Hironao Ito, senior vice president at Honda Genbetsu India, the R&D arm, said.
With festive season round the corner, major car manufacturers including Maruti Suzuki India, Hyundai Motor and Tata Motors are offering various schemes, including discounts of up to Rs 37,000 to push up sales.
Launched in 2008, Maruti Suzuki DZire has been a category leader and has helped MSI strengthen its presence in the entry sedan segment.
The company had sold a total of 51,215 units of factory-fitted CNG vehicles in the previous fiscal. "The contribution of CNG vehicles to total sales increased to 5.4 per cent from 4.9 per cent in FY 2013-14," MSI said in a statement.
India's largest car manufacturer Maruti Suzuki has disappointed street on Wednesday with the March sales falling 1.6 percent year-on-year (5.9 percent month-on-month) dented by exports.
Alarmed by the increasing fatalities, the new government has begun a five-year project to cut road deaths by a fifth every year, part of the most ambitious overhaul of highway laws since independence in 1947.
Within companies, Asian firms (Maruti Suzuki, Hyundai, Honda and Nissan) continued their strong showing in the Indian market while American and European companies (Chevrolet, Ford, Renault, Volkswagen and Fiat) witnessed their market share come off, compared to a year ago.
Corroborating the trend of a pick-up in the auto sector witnessed recently, Maruti Suzuki India posted strong sales for the third consecutive month, with compact sales driving a bulk of the growth.
The reduction in production in September was mainly on account of the company cutting output of utility vehicles, comprising Gypsy and Ertiga, which stood at 1,807 units as compared to 7,347 units a year earlier, down four-fold.
Maruti Suzuki sold 2.66 lakh passenger cars last quarter, down 10 percent year-on-year. But favourable forex rates boosted export realisations and thus helped control decline in net sales to 5 percent.
Country's largest car maker Maruti Suzuki today introduced a refreshed, new version of one of its best selling models Wagon R with a price starting at Rs 3.58 lakh (ex-showroom Delhi), to boost sales.
Maruti Suzuki's total vehicle sales in November tumbled 18.5% year-on-year to 91,772 units, as a huge drop in sales of its mini cars and vans, offset a rise in sales of its super compact and mid-size cars.
The auto sector is not very kicked with the hike in petrol prices. They say this hike will hurt sales of petrol cars. Even two-wheeler manufacturers are bracing for a drop in sales. CNBC-TV18's Swati Khandelwal Jain does the number crunching.
After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.
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