New Delhi: Suzuki Motor Corporation showcased two new concepts ik-2 compact hatchback and iM-4 mini crossover at the 85th Geneva International Motor Show on Tuesday, the two models, which are a key part of its subsidiary and India's largest car maker Maruti Suzuki's volume strategy.
A report in Economic Times quoted that the iK-2, or the Maruti YRA premium hatchback, is expected to be launched in October and will be produced in India with export target of almost 50%. The iM-4 concept is a small crossover codenamed YJC to be positioned below Ertiga and is slated for launch in the festive season of 2016. Both these models are likely to bring in incremental volumes in the domestic market for Maruti SuzukiBSE 0.57 % to the tune of almost 1.2 to 1.4 lakh units per annum.
The iK-2 will take on Hyundai's Elite i20, which has got a phenomenal response in the market with over 80,000 units sold within a year, and the 3,693mm long iM-4 is likely to take on M&M's S101 compact UV, which will be launched later in the year.
Both these vehicles are built on new generation modular platform which enables commonality of parts. They will be powered by Boosterjet, a new turbo charged petrol engine, and the cross over will come with SHVS, a new mild hybrid system.