"We currently have a market share of 45 per cent in the passenger vehicles segment. Still, 55 per cent of market is not with us. With the launch of this vehicle, we hope to further increase our market share," MSI Managing Director and CEO Kenichi Ayukawa told reporters here.
He, however, did not specify by how much the company was looking to enhance its market share.
Ayukawa said: "There is a segment of customers in India who want power and performance in their vehicles, but also the comfort and refinement of a sedan. It is in that spirit today, we are launching S-Cross."
MSI and its suppliers have invested over Rs 600 crore towards development of the S-Cross over a period of four years. The S-Cross will be available only in diesel engine options of 1.6 litre and 1.3 litre.
It's positioned to take on Hyundai's newly-launched SUV Creta and Renault's popular SUV Duster, which are priced between Rs 9.12 lakh and Rs 12.49 lakh (ex-showroom Delhi) for comparable engine variants.
Maruti Suzuki will sell the S-Cross through its newly launched Nexa chain of showrooms, Ayukawa said, adding that the company has various premium models in the pipeline which would be sold through these outlets going ahead.
MSI has struggled in the past to be as successful in big cars as it is in small cars. It has the Ciaz sedan in the big car portfolio. S-Cross is the first vehicle which would be retailed through Nexa showrooms.
Built on a brand new platform, the S-Cross has various features, including cruise control, rain sending auto wipers, self-adjusting hydraulic clutch and rear seat recliner.
"Starting today, S-Cross will be exclusively available at Nexa outlets. We have 35 outlets operational today across 23 cities. We plan to have 100 showrooms across 30 cities by end of this fiscal," Ayukawa said.
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