LATEST NEWS

'Maruti Celerio's pricing cannot be compared with others'

Chennai, Feb 7 (IANS) The pricing of competitor products is not an issue for Maruti Suzuki India Ltd's new offering Celerio as it cannot be compared with others, a senior official of the company said here Friday.

He said auto-gear shift models will become a major segment in the country in the years to come.

Maruti Suzuki's new hatchback Celerio with manual transmission is priced at around Rs.4.01 lakh here and its auto-gear shift is priced at Rs.4.41 lakh.

Queried about Nissan Motor India's plans of launching its hatchback Datsun Go below Rs.4 lakh, Manohar Bhat, vice president, Marketing at Maruti Suzuki said: "Both the models are not comparable."

He said Celerio offers more than what other models do.

Bhat said that with Celerio, the company has largely bridged the pricing gap between manual and auto-gear shift models.

Whether the auto-gear shift model would do what Kinetic Honda (gearless scooter) did to the scooter market decades back, Bhat said: "In 1990s, cars with factory-fitted air conditioners was an option, but later it became the in-thing. Later, power steering was optional but now all vehicles come with power steering."

Similarly, auto-gear shift vehicles would become the norm in course of time in the Indian market, he said.

He said Celerio's mileage for both the variants is at 23.1 kilometre per litre.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

DON'T MISS

  • The Rs 80,000 crore milk business is on a tear

    If you thought that all the action in business was concentrated around the e-commerce sector, you could not be more wrong. The unlikely category of milk and dairy products has been seeing some of the most ... …

  • Charged up

    Reliance Jio's battle with other cellular operators over spectrum usage charges is set to escalate. …

  • Cracking the Code

    HackerRank is helping companies recruit coding champions through online tests. …

  • Poor Prediction

    A Niti Aayog presentation says poverty in India could be wiped out by 2032. Is it possible? …

  • Missing in Action

    Villages adopted by Gandhis make little progress. …

  • The VillageEconomy

    Inside: Model villages 68 / How India failed its poor 76 …

  • Hardly Adarsh

    Saansad Adarsh Gram Yojana, PM's pet project, has the potential to kick-start the rural economy, but is going nowhere if we go by the results so far. …

MARKET MOVERS

    •  
      Recent Quotes
      Symbol Price Change % ChgChart 
      Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
      You need to enable your browser cookies to view your most recent quotes.
    • Recent Quotes News

      •  
        Sign-in to view quotes in your portfolios.