French auto major Renault on Monday launched a new version of small car Kwid in India powered by 1.0 litre petrol engine and priced up to Rs 3.95 lakh (introductory price, ex-showroom Delhi), as it aims to take on the market leader Alto K10 from Maruti Suzuki.
Renault currently sells Kwid with an 800cc (0.8l) engine priced between Rs 2.64 lakh and Rs 3.73 lakh. The new 1.0 litre variant comes in two variants priced at Rs 3.82 lakh and Rs 3.95 lakh, respectively. Buyers, will now have to shellout Rs 22,000 more for the top model of the 1,000cc variant.
Maruti Alto K10 is priced between Rs 3.25 lakh and Rs 3.82 lakh for manual variants (all prices ex-showroom Delhi). It also comes with CNG and auto gear shift options.
“With this launch, we look forward to welcoming more customers into Renault family as we endeavour to aggressively build our presence in India,” Renault India Country CEO & Managing Director Sumit Sawhney told reporters here.