Apart from high-end features that beat premium models in the segment, Tiago comes at unimaginable price points. While the 1.2-litre petrol model with 5 variants comes at Rs 3.2 lakh for the entry level and Rs 4.75 lakh for the top-end, the 1.05 litre diesel model with five variants is priced between Rs 3.94-5.54 lakh.
The petrol model offers a mileage of 23.84 kmpl and the diesel one a staggering 27.28 kmpl, both the highest in the segment, the company said.
The Tiago, which was officially named Zica, had to be renamed following the mosquito-born killer disease of similar name.
The car was ready for rollout almost six months ago. Even the renaming delayed the launch by more than three months for getting new halloginisation certification.
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The car comes on a completely new platform (new Revotron 1.2-L petrol engine and the first 1.05-L Revotorq diesel engine) and will be rolled out from Sanand plant in Gujarat.
Mayank Pareek, president, passenger vehicles unit, said: "Tiago is the first car under the 'Made of Great' campaign with soccer legend Leonel Messi as the global brand face. We are confident that Tiago's distinct character will make it stand out in the highly popular but highly competitive hatchback segment that constitutes half the market."
Butschek however refused to share details on production capacity. He also did not quantify the pre-launch bookings but said it has been "very good."
Butschek said the car will be available for sale at 597 dealerships across all the states from tomorrow.