Indigo sedan at Rs 379,000

Tata Motors has launched its Indigo Compact sedan priced Rs 379,000 onwards, the company said in a newspaper advertisement.

"The world's first sub-4 meter sedan... (will blur) the line between hatches and sedans," the advertisement said.

The car, with a fuel trunk capacity of 380 L, will come in petrol and diesel variants.

The Indigo Compact will, however, not come in the way of the company's original sedan Indigo, the company had said earlier.

The car is likely to spawn a fresh set of converts among vehicle buyers.

It will also reap the lower excise duty benefit given to small cars meeting certain specifications.

Wednesday, shares of Tata Motors closed at Rs 658.85 on the National Stock Exchange, down 0.05% from its previous close.