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

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, 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.