Italian car maker Fiat on Wednesday introduced new entry level versions of its mid-size sedan Linea, with the price-tag slashed by over Rs. 1 lakh.
Branded the Classic, the low-frills version would cost Rs. 5.99 lakh (ex-showroom, Delhi) for the petrol and Rs. 6.96 lakh and Rs. 7.51 lakh for the two diesel versions.
Even with the cut price, the car costs significantly more than segment leaders such as Maruti Dzire and Honda Amaze, which cost Rs. 4.99-6.71 lakh and Rs. 4.92-6.44 lakh respectively. But these cars are below 4 metres long, and enjoy an excise duty advantage. The Linea is billed as the longest car in the segment.
"We are optimistic about our prospect in the Indian car market, which is rapidly becoming one of the major markets in the world," said Nagesh Basavanhalli, president and MD, Fiat Chrysler Operations India.
The next generation version of the Linea and the Punto are expected early next year.