Market leader Maruti Suzuki on Tuesday unveiled a new sedan, Swift DZiRE, to be launched on March 29 priced below the company's existing car SX4.
"The image of a hatchback and styling of Swift is carried forward to the Sedan. The new car will be available in both petrol and diesel variants," Maruti Suzuki India Ltd Executive Officer (Marketing and Sales) Mayank Pareek told reporters in New Delhi.
On the pricing of the new car, Pareek declined to share details.
However, according to the company sources, the petrol variant is expected to be priced between Rs 4.75 to Rs 5 lakh, while the diesel variant would be available for above Rs 5.5 lakh.
The company is also expanding the capacity of its plant in Manesar to 3 lakh units per annum by 2010, up from the existing about 1.4 lakh units in a year.