Powered by 1.2-litre petrol engine, Bolt comes at a starting price of Rs 4.65 lakh (ex-showroom Mumbai) while the 1.3 litre diesel-powered variant starts at Rs 5.75 lakh.
The diesel engine claims a mileage of 22.9 kmpl and the petrol 15.6 kmpl.
Last August, the company launched its first new model in four years -- the sedan Zest with automatic transmission. Since the launch, the company has sold more than 15,000 units and has an order backlog of about six months, it said today.
Pareek said that the car has got 1,500 bookings prior to the launch, 10,000 registrations for test-drives and 50,000 total registrations.
Not to repeat the Zest fiasco, Pareek said the car will be available across the country from today across 450 dealers. The company had faced delivery issues when it had launched the entry level sedan, Zest, leading to heavy order backlog.