Maruti Udyog Limited, on monday May 07 2007, informed the Indian stock exchanges about the launch of its new car, a SX4 sedan. The SX4 sedan is powered by the global M series engine and built on a completely new platform. SX4 sedan gets the previlege of being only the second global car launched in India, after SWIFT, by Suzuki Motor Corporation. After being launched in India, the SX4 Sedan will be launched in Europe and Japan. The SX4 Sedan will be manufactured by Maruti Udyog Limited, at the company’s manufacturing facility at Manesar.
Maruti Udyog Limited has priced SX4 Sedan between Rs.6 and 7 lakhs. SX4 Sedan will be competiting head-on with the popular Indian car Honda city, which costs roughly about Rs.50,000 more than SX4 Sedan. The other competitiors for SX4 Sedan would be Hyundai Verna and Ford Fiesta.