Maruti may inch closer to 50% market share with Ignis, new plant

Prices third Nexa car aggressively at Rs 4.59 lakh, to take on Hyundai's i10Grand and M&M'S KUV100

Maruti Suzuki, the country’s biggest car maker that has a share of over 47 per cent of the passenger vehicles market, expects to inch towards the 50 per cent mark in 2017-18 after operations begin at its Gujarat plant next month and after Friday’s launch of its premium compact car Ignis.
 
Aimed at young city buyers, the Ignis (petrol) is priced at Rs 4.59 lakh (ex-showroom, Delhi) and will compete with Hyundai’s i10 Grand and Mahindra & Mahindra’s KUV100, which begin at Rs 4.95 lakh and Rs 4.58 lakh, respectively. Hyundai sell more than 12,000 units of i10 Grand