Similar model is sold in UK, where it is offered in petrol as well as diesel models.
Celerio was launched at a time when the Indian automotive market was going through a transition.
The company, which is setting up a Rs 4,500 crore (Rs 45 billion) car manufacturing plant at Oragadam along with its Japanese partner, has said it is targeting 70,000 units over next four to five years.
The will be cheaper than Brio and compete with Maruti Alto and Hyundai Eon.
The launches will include new cars from General Motors, Tata Motors, Hyundai, Maruti, Volkswagen, Skoda, Mahindra-Renault, Honda, DaimlerChrysler and BMW.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
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The ambitious Rs 1 lakh car by Tata Motors may be launched between 2007 and 2008 even as factors like inflation and cost of steel may make it difficult to maintain the price line.
Volkswagen fitted emissions cheating software for Australia cars too.
With this price reduction, it can now compete more intensely with the New Hyundai Sonata.
The share of eastern India in the overall sales volume is also expected to grow from the existing 9 per cent to 15 per cent by 2010. At present, Hyundai sells around 1,000 units per month in eastern India.
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Model 3 received 180,000 orders worldwide.
Named ConceptFutureS, it is a uniquely styled compact car with distinct SUV like characters and will define the next generation of design for compact vehicles in India, the company said.
Meanwhile, the company on Wednesday launched an advanced version of its mid-sized Verna sedan, priced at Rs 6.56 lakh-Rs 9.22 lakh (ex showroom Delhi).
Maruti's exports are limited and mainly to countries in Africa and Latin America.
From a Rs 9-lakh Maruti to a Rs 2 crore-Nissan, Indian auto industry packs quite a surprise for car buyers
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