Monday, May 25, 2009

An avalanche of premium compact cars this year

One of the leader in producing car in Indai, the Maruti Suzuki has released its Ritz hatchback. And it is planning for the second release in the next six months. As a reflection the other companies in the market are also in operation to come up with showy and chic hatchbacks.

In the coming year, the premium compact car segment for a price of above Rs 4.5 lakh is going to be a drone. Also from the car producers like Hyundai Motors, Honda Siel Cars (HSCI), Toyota Kirloskar, Fiat Auto, Volkswagen India and Ford India the releases are anticipated.

Maruti’s Ritz comes with a new K12M, 1.2 litre petrol engine alleged to be more fuel proficient with less emission. Adding, Ritz is the first car in Indian road to have a engine that complies the BS-IV emission standards. Also Ritz is the eighth small car from Maruti and it is anticipated that the price is about Rs 4.5-5 lakh.

In the month of June Honda will pursue with the release of the Jazz. In global the Jazz is priced higher than Honda City, said Jnaneswar Sen, senior V-P (marketing), HSCI. And for the advantage of the excise duty it is anticipated that the price will be some wat lesser than the City.

In a few weeks of period the Italian car producer Fiat will ensue with the release of the most expected Grande Punto. Next to Palio, in the compact segment this car is going to be the second and it will be some wat higher than Palio.

Further Hyundai Motors India (HMIL) will be exploring this segment during its release of the diesel version of the i20 by this year end. Also currently in the market the company is having three compact cars — Santro, i10 and the Getz. At the beginning the HMIL had decided to trade about 1,000 units of the i20 in India each month. Also with the release of a diesel engine the company is anticipating additional increase in the sales.

Moreover, the German carmaker Volkswagen has decided to make earlier the release of the Polo hatchback to the close of this calendar year as opposite to the previously publicized date, says market sources.

Also in the starting of 2010 the Ford Motor Company of the US will bring its hatchback to India. Adding, the compact car will enter in both the petrol and diesel engine preferences. Those type of cars are going well in West and the company is expecting to get increased the numbers in India as well.

In majority of the improved market places for auto industry the changeover to premium small cars has started so there will more concentration by the car producers on the premium compact segment, says experts.

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