The rise for the demand of domestic cars, Hyundai is set to counter Maruti 800 by releasing a new compact car. The car would cost as much as the range of Maruti 800. This car will be crafted in Korea with an800cc engine and will be a petrol variant at a cost around Rs2 lakhs.
Maruti 800 MPI BS-III with A/c costs Rs216475 lakhs, Santro costs R271331 lakhs. In between Santro and i10, the latter has become the highest selling and secured a mass for it. This will rise in the global range too, it is expected. Nissan too in the fray for the small car segment in association with Ashok Leyland. It is to be remembered that Renault-Nissan-Bajaj trio is also working on a small car at the low cost. Recently Ford has introduced its American style Figo at Rs3.66 lakhs.