MARUTI SUZUKI TO LAUNCH INDIA'S CHEAPEST 7-SEATER CAR PRICED BELOW Rs 10 LAKH

$MARUTI is all set to expand it's product portfolio with a new set of cars. Among the upcoming models, one will be a new 7-seater positioned below the Ertiga in the lineup – making it the most affordable 7-seater priced below Rs 10 lakh. The name of the model is Solio and this car is already available in the international markets with a 5-seater version. However, the company is planning a 7-seater version for India. Being an affordable 7-seater, it will be a sub-4m compact car with 3-row seating. So, it will likely rival the Renault Triber and Nissan Gravite in India. Established in the year 1981, $MARUTI is one of India's largest selling car manufacturer. It has delivered a good profit growth of 27% CAGR over last 5 years, as well as maintained a healthy dividend payout of 29.5%. With such new competitive models in the pipeline, the company's sales and profits are expected to grow in the coming years.