New cars to be released in 2007 in India
March issue of Overdrive magazine reports that Hyundai is about to launch a new small car priced at around Rs 3.5 lakhs in October. Another small car in the same range - Chevy Spark is due from the plants of General Motors later this year. With two new models on the roads, small car market could see some heated action and Maruti may see a bit of it’s market share eroding. Overdrive expects the new Hyundai to be released in both diesel and petrol versions, threatening all the Maruti models as well as the Indica.
Maruti is expected to roll out Suzuki SX, a mid-sized sedan that could compete with Hyundai Verna, Chevy Aveo, Ford Fiesta and Honda City. Maruti is also expected to come out with a series of new releases, with five new models in the cards by 2008.
Mahindra Logan is another car from Mahindra-Renault partnership, expected to roll out in mid-2007. Logan is a low-end sedan in the range of Ford Ikon and Maruti Esteem. Entry of Logan would give some life to this much neglected segment where no new models have hit the road in many years.