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Maruti A-Star @ Rs 3.47 lakh
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 3,47,000 to Rs 4,12,000. We have started the ground work to launch a car which is conceived, designed and developed fully in India," Maruti Suzuki India Managing Executive Officer (Engineering), 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," 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 sell to around 150 countries across Europe, Middle East, Latin America, Asia, Australia and Africa. http://sify.com/finance/livemarkets/index.php
The company expects that A-Star would contribute half of its overall export target of two-lakh units by 2010-11.
