This story is from December 16, 2016
Maruti’s Ignis compact to counter Renault’s Kwid
New Delhi: Maruti Suzuki is gearing up to take on the competition from Renault’s Kwid. The country’s biggest carmaker has seen a serious challenge to its old warhorse Alto in the entry car segment after launch of Kwid in October last year and is now ready to counter it with premium compact Ignis, that is slated to hit the market on January 13.
Ignis will be retailed from Maruti’s upmarket Nexa dealer network. The company plans to position the car, which will be strapped with a 1.2-litre petrol and 1.3-litre diesel engine, as an urban, premium vehicle targeted at the millennials.
While the company will announce the price of Ignis at launch, industry analysts expect it to be around Rs 4 lakh. Baleno, the other compact being retailed from the Nexa channel, has an ex-showroom entry price of Rs 5.3 lakh and Maruti Suzuki will like to maintain a credible buffer between two products.
Company executives deny that Ignis is an answer to Kwid that has two petrol-engine options — 800cc and 1 litre. They feel there is only a slight chance of any cannibalisation within their own portfolio of small cars, including migration of potential Alto customers towards Ignis. “The customer profile is very different. The Ignis has a clear focus on urban young buyers,” says R S Kalsi, director (sales & marketing) at Maruti. “As far as Alto is concerned, it is aimed at higher age groups and for those having a family.”
C V Raman, director (R&D), described Ignis as a “global vehicle”. The car is being manufactured in Japan from where it is also being exported to Europe. India will be the second country where it will be manufactured and apart from sale in local market, exports will take place to Asia and Africa.
With the lineage of the Nexa, the Ignis will boast of a variety of important features that will come in as a standard fitment. These include airbags and anti-lock braking system (ABS). The company will also offer a variety of customisation features on the vehicle that will also offer auto-gear option on both fuel types.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
While the company will announce the price of Ignis at launch, industry analysts expect it to be around Rs 4 lakh. Baleno, the other compact being retailed from the Nexa channel, has an ex-showroom entry price of Rs 5.3 lakh and Maruti Suzuki will like to maintain a credible buffer between two products.
Company executives deny that Ignis is an answer to Kwid that has two petrol-engine options — 800cc and 1 litre. They feel there is only a slight chance of any cannibalisation within their own portfolio of small cars, including migration of potential Alto customers towards Ignis. “The customer profile is very different. The Ignis has a clear focus on urban young buyers,” says R S Kalsi, director (sales & marketing) at Maruti. “As far as Alto is concerned, it is aimed at higher age groups and for those having a family.”
C V Raman, director (R&D), described Ignis as a “global vehicle”. The car is being manufactured in Japan from where it is also being exported to Europe. India will be the second country where it will be manufactured and apart from sale in local market, exports will take place to Asia and Africa.
With the lineage of the Nexa, the Ignis will boast of a variety of important features that will come in as a standard fitment. These include airbags and anti-lock braking system (ABS). The company will also offer a variety of customisation features on the vehicle that will also offer auto-gear option on both fuel types.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Popular from Business
- 'Okay to get paid less than Americans': Entrepreneur justifies lower wages to Indian workers for overseas work
- Japan’s Shinkansen bullet trains to be tweaked for India’s first Mumbai-Ahmedabad high-speed rail corridor - details here
- Indian IT sector's C-suite churn continues
- GST Council's popcorn taxation sparks backlash on social media
- Razorpay gives Esops of Rs 1 lakh each to all employees
end of article
Trending Stories
- GST Council's popcorn taxation sparks backlash on social media
- Indian Railways plans centrally heated sleeper train, special Vande Bharat chair car for Kashmir - check features
- Stock market holidays 2025: BSE, NSE release holiday calendar for 2025 - check full list of month-wise stock market holidays
- Japan’s Shinkansen bullet trains to be tweaked for India’s first Mumbai-Ahmedabad high-speed rail corridor - details here
- Stock market today: BSE Sensex surges over 500 points; Nifty50 above 23,750
- GST Council meet key decisions: No GST on bank penal charges, clarity on tax rate on popcorn & more - top announcements
- ITR filing deadline: Don’t miss December 31, 2024 deadline for revised, belated tax returns - here are the consequences
Visual Stories
- 8 study myths holding you back from becoming a topper
- 7 ways reading books can improve your English grammar and language skills
- 9 Things Indian Parents Say About Studies That Every Student Should Listen To
- 8 boring subjects that lead to interesting career options
- 8 reasons smart students prefer mind maps over notes
TOP TRENDS
UP NEXT
Start a Conversation
Post comment