The petrol variants of the sedan are priced between Rs 6.99 lakh and Rs 9.34 lakh while the diesel variants are priced between Rs 8.04 lakh and Rs 9.8 lakh, respectively (ex-showroom Delhi).
Country's largest carmaker Maruti Suzuki India (MSI) today launched mid-sized sedan Ciaz with an introductory price starting at Rs 6.99 lakh (ex-showroom Delhi).
The petrol variants of the sedan are priced between Rs 6.99 lakh and Rs 9.34 lakh while the diesel variants are priced between Rs 8.04 lakh and Rs 9.8 lakh, respectively (ex-showroom Delhi). "Millions of Indians have enjoyed Maruti cars for years. These customers are looking to upgrade to mid-sized sedans. Ciaz is for them, " MSI Managing Director and CEO Kenichi Ayukawa told reporters here.
He added that the company has been able to achieve localisation content of 98 percent for the car. "Ciaz has been designed keeping in mind the needs and expectations of Indian sedan customers," Ayukawa said. Ciaz comes in petrol and diesel options, powered by 1.4 litre and 1.3 litre engines, respectively.
MSI, along with its vendors, has invested Rs 620 crore on development of Ciaz. The mid-sized sedan has been developed on a completely new platform. In addition to the domestic market, the company also plans to export the car to markets in the Middle East, Latin America and Africa.
In India, Ciaz would compete with Honda City, priced between Rs 7.19 lakh and Rs 11.05 lakh and Hyundai Verna tagged between Rs 7.39 lakh and Rs 11.72 lakh, respectively (ex showroom Delhi).
Since the bookings opened for the car last month, the company has received orders for 10,000 units. Ciaz will replace the SX4 sedan, which had a limited success. At its peak, SX4 sold about 3,000 units a month, while the current segment leader Honda City sells about 5,000 units a month. Overall, the mid-sized segment witnesses sales of around 16,000 units per month.
Maruti Suzuki stock price
On October 01, 2014, Maruti Suzuki India closed at Rs 2968.90, down Rs 95.45, or 3.11 percent. The 52-week high of the share was Rs 3110.00 and the 52-week low was Rs 1377.85.
The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 30.78. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.28.
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