11.40% Gilt Dealt For Rs 65 Crore

Business Standard Motoring desk

Yes, it was a clear walkover for the Cielo

Executive in this category, and we believe, deservedly Daewoo. Let us explain. We have always maintained that price-corrections are the norm in competitive developed markets. Daewoo, being a pioneer in this regard in India, suffered enough perception problems as they went about it. Today, according to us, the Cielo is the most appealing fleet car option around.

It offers the size and enough technology in the form of an MPFI 80 bhp engine. It is still a breeze to drive, and since depreciation is not something fleet operators worry about, the Cielo Executive stands in good stead.

Improved suspension hardware means the car offers better ride and handling too. And after nearly four years, and more than 40,000 units on the road, Daewoo has given the car a new lease of life by offering it with factory-fitted CNG kits - the first car in India to earn that distinction. Remember, Daewoo was the first company to offer fuel injection systems in India - which is the norm with all modern cars these days. The CNG option would mean the Cielo Executive now has the potential to replace many a car from the large volume tourist taxi and taxi operation trade in Delhi, and to a large extent, in Mumbai. At Rs 5,99,304 (ex-sh