Maruti Suzuki India to open bookings for Ciaz from tomorrow

Ciaz will be available in petrol and Diesel fuel options powered by a 1.4 litre and 1.3 litre engines respectively.

Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki .
India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow.

Ciaz will be available in petrol and Diesel fuel options powered by a 1.4 litre and 1.3 litre engines respectively.

"The global launch of Ciaz is planned during the forthcoming festival season," the company said in a statement.

Also read: See cheer returning to autos this festive season: Experts

Ciaz' main competitors will be 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 (ex showroom Delhi).

The company claims that Ciaz diesel has a fuel efficiency of 26.21 kmpl while petrol delivers a mileage of 20.73 kmpl.

The new model will replace the SX4 sedan, which had limited success. MSI has been trying hard to gain greater presence in the bigger car segment.

Last month, MSI's total sales grew by 26.9 percent at 1,10,776 units as against 87,323 units  in August last year. Domestic sales during the month stood at 98,304 units, up 29.3 percent from 76,018 units in August of previous year.

The sales growth was driven mainly by compact cars comprising Swift, Estilo, Celerio, Ritz and Dzire, which were at 46,759 units in August as against 30,512 units in the year-ago month, up 53.2 percent.

Maruti Suzuki stock price

On September 02, 2014, at 14:30 hrs Maruti Suzuki India was quoting at Rs 2919.20, up Rs 3.70, or 0.13 percent. The 52-week high of the share was Rs 2963.70 and the 52-week low was Rs 1234.00.

The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 30.27. 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 4.20.

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