With a plan to expand its offering in the mass car segment, Skoda may partner with domestic market leader Maruti Suzuki for developing a new small car. Scheduled for launch by 2012, the small car would be positioned below the Fabia at a price range of around Rs 3-5 lakh. It is likely to compete against compacts such as the Chevrolet Beat and the Maruti Suzuki A-Star.
There have been talks on such a partnership in Japan, the home base of Maruti Suzuki's parent company Suzuki Motor Corporation (SMC). Reports of a Skoda-Maruti arrangement on new products and design sharing follow the German automaker Volkswagen Group's purchase of a 19.9 per cent stake in SMC for $2.5 billion last year. Skoda is part of the diversified Volkswagen Group, which also owns other brands such as Audi, Lamborghini and Bentley. The two companies are expected to announce joint plans early next year.
Company Name | CMP |
---|---|
Maruti Suzuki | 12480.00 |
Mahindra & Mahindra | 2640.90 |
Mercury Metals | 70.15 |
Hindustan Motors | 34.99 |
Suzuki (India) | |
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