India's largest car maker Maruti Suzuki is all set to bring on the road a revamped and cheaper Alto. Maruti feels that now is the best time to launch a stripped down version of its largest selling car. It sells close to 20,000 Altos every month making it India's best selling car model.
Maruti hopes the leaner Alto will not only help it counter competition from new cars in the markets but also replace the iconic Maruti 800 which is being phased out. Sources told ET Now that the new Alto will have a 1 litre K-Series Engine and will be priced up to Rs 2 lakh.
Maruti Chairman, RC Bhargava said: "The Alto will not be much more expensive than the 800 and we will keep trying to do whatever we can to make it more and more affordable."
"The car will be in showrooms in the next couple of months but don't expect major changes in design. The company doesn't want to change the design of its highly successful car model and its not just Alto, Maruti is planning to refresh its entire car line up a new Wagon R which is also expected before end of April," Bhargava added.
Maruti on Saturday said that it had invested Rs 290 crore in upgrading its hatchback WagonR that will be rolled out from a new platform with a new engine by end of this month.
"This (new WagonR) is not a minor change, but a full model change. So, lot of investment have gone for it. We have invested about Rs 290 crore for upgrading the model," Maruti Suzuki India Executive Officer (Marketing and Sales) Mayank Pareek told reporters.
The new WagonR will have a Bharat Stage IV emission norms compliant K10B engine. It will be produced from the company's Gurgaon facility.
Source:-Zigwheels.
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