Business Daily from THE HINDU group of publications
Wednesday, November 19, 2008
ePaper | Mobile/PDA Version | Audio

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

Update at 1415 hrs (IST)


Corporate
Maruti drives out A-Star at Rs 3.47 lakh

NEW DELHI: The country's largest car maker Maruti Suzuki on Wednesday launched its new hatchback ‘A-Star’ in the Indian market and said it would in four years come out with its first indigenous car.

The 'A-Star' will be available at an introductory price ranging from Rs 3.47 lakh to Rs 4.12 lakh.

“We have started the ground work to launch a car which is conceived, designed and developed fully in India,” the Maruti Suzuki India Managing Executive Officer (Engineering), Mr I.V. Rao, told PTI.

The company is hopeful of rolling out the car in the next four years, he added. He however, declined to comment whether it would be a small car or a bigger one. “We are discussing it internally,” Mr Rao said.

A-Star is Maruti's fifth global model which would be manufactured only in India. The company plans to sell 50,000 units in the domestic market, while targets to export 1 lakh units. The car would be manufactured at Manesar production facility.

A-Star will be powered by a 998cc K10B petrol engine and will be available in three variants in the domestic market.

For exports, the company would manufacture A-Star in over 200 variants and ship it to around 150 countries across Europe, West Asia, Latin America, Asia, Australia and Africa. The company expects that A-Star would contribute half of its overall export t arget of two lakh units by 2010-11. – PTI

Prev: Rupee steady vs greenback
Next: Govt allows 25,000 t rice exports


Business Line | NUS Index |



Related Topics
Alliances & Joint Ventures
Announcements
Auditing
Awards & Honours
Bonus Announcements
Company Law
Corporate Bonds
Corporate Disputes
Corporate Governance
Courts/Legal Issues
Diversification
Environment
Human Resources
Interview
IPOs
IPR
Management
Mergers & Acquisitions
New Projects
Open Offers
Outlook
Outsourcing
Overseas Borrowings
Overseas Investments
People
Performance
Preferential Allotments
Private Placement
Regulatory Bodies & Rulings
Research & Development
Restructuring
Rights Issue
Sick Units
Society & Development
Standards & Benchmarks
Taxation
Trade & Labour Unions



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line