Banks and other financial institutions have been given a sneak preview of Maruti Suzuki India’s upcoming low-cost car (possibly to work out financing deals?), which is expected to get a price tag of Rs 1.2 lakh to Rs 1.5 lakh. The car will not be a new car, but will be a stripped down version of the Maruti 800 hatchback.
The Maruti 800 is a rebadged Suzuki 800, and used to be India’s best selling car until it was overtaken by the newer Maruti Alto. It is a car from the 1980s, but have been given several facelifts over the years… this all sounds very familiar. The cheapest Maruti 800 is currently about Rs 0.75 lakh more expensive than the target price that Maruti has set for the new low cost stripped down version.
The 5-door hatchback weighing around 650kg is powered by a 37 horsepower 796cc inline-3 engine engine, hence the 800 model name taken from an engine displacement rounded up to 800cc.
The Maruti 800 has an advantage over all the new players rushing into the low-cost car market such as the Tata Nano and the Bajaj ULC as the Indian public are already very familiar with the Maruti 800 and know what what they’re in for, while its competitors are basically a big question mark.