Kizashi at Rs 16.5 lakh | autos | Hindustan Times
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Kizashi at Rs 16.5 lakh

autos Updated: Feb 02, 2011 23:16 IST
Hindustan Times
Maruti Suzuki India Ltd

Domestic car market leader Maruti Suzuki India Ltd on Wednesday warned that the industry growth may taper down to single digit as it is confronted with challenges such as inflation, high interest rates and rising fuel prices.

“Since last April, cost of fuel has gone up by 23% while car loan rates have also increased by 5.5-6%," said Mayank Pareek, managing executive officer, marketing and sales, MSIL.

Maruti on Wednesday launched its most expensive offering till date — Kizashi — priced at Rs 16.5 lakh for the manual transmisson variant and Rs 17.5 lakh for the automatic variant. It has a 2.4-litre petrol engine that belts out 178 bhp of power.