Volkswagen and Suzuki planning to develop a new small car
By Andrew C., 30 Aug, 2010. 0 Comments
Suzuki Alto
A replacement for the Alto model could be looming now that Volkswagen AG and Suzuki Motor Corp. have teamed up to create a new small car that has a price tag that would range from $4,300 and $5,400 for the Indian market, the Economic Times reports. R.C. Bhargava, the chairman of Maruti Suzuki, India's leading passenger carmaker, said that the new car could be a replacement for the bestselling Alto model. Bhargava told the business daily that this price range is the entry level for Indian customers so the company can´t afford to leave the segment open. The car is said to cost double that of the price of the world's cheapest car, Tata Motor's Nano, launched earlier this year. In Volkswagen's target to be the top automaker, it has tapped Suzuki's expertise in small cars and dominance in India. In fact, VW has entered a deal with Suzuki to purchase a 20% stake for $2.5 billion.
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