Mahindra is getting the sub-4 metre Mahindra Verito notchback ready for launch soon. The car is apparently likely to be sub-branded Vibe – it will be called the Mahindra Verito Vibe, according to a news report.
This is a compact version of the full-size Mahindra Verito, which has been cut short to bring the total length to under 4-metres, helping it get excise duty benefits. Cars which are under 4-metres in length and come with a petrol engine of below 1.2 litre capacity or diesel engine of below 1.5 litre capacity attract just 12% excise duty, allowing carmakers to make them available at much lower prices for buyers. Cars over this limit get taxed at between 24% to 30% excise duty. Also read: Mahindra Verito compact sedan launch in April.
Photo render Courtesy: Wheelosphere
What features will the Verito Vibe have?
The Mahindra Verito Vibe will come with only a diesel engine as Mahindra does not have a petrol engine below 1.2 litres in its product line up at present. The Verito Vibe will be powered by the same K9K 1.5 litre diesel engine putting out 65 bhp of power and 160 Nm of torque – the same as its larger sedan sibling.
The Mahindra Verito Vibe will compete with premium hatchbacks on one level, as well as compact sedans such as the Maruti Dzire, Honda Amaze and most importantly, the Tata Indigo eCS. The last one is the one this car will really be going after as the larger Mahindra Verito competes directly with the Tata Indigo in the competitive commercial cab market.
The car is likely to have power steering and AC as standard on all variants, while the top-end diesel variant would have a single airbag and ABS as well. The mid and top-variant will likely sport a music system too.
What will the Mahindra Verito Vibe be priced at?
The whole premise of developing a sub-4 metre Mahindra Verito Vibe, however weird it may look in the renderings and spy shots seen on the Internet is one of sheer value-for-money practicality. Going by what the present Mahindra Verito sedan is priced at, with prices starting at Rs. 6.30 lakh for the diesel variant going up to Rs. 7.51 lakh for the top-end diesel and also looking at the prices of its key competitor, the Tata Indigo eCS, whose prices start at Rs. 5.61 lakh going up to Rs. 6.14 lakh, one can expect Mahindra to price the Verito Vibe (Verito notchback) at least Rs. 80,000 cheaper than its sedan variant – giving it a price range of between Rs. 5.50 lakh and Rs. 6.60 lakh.
The news report that appeared in the Economic Times, however, pegs it at Rs. 6 lakh. That really wouldn’t give the car much of a chance against the Maruti Dzire or Honda Amaze, both of which have diesel variants starting at that price point. Even trying to compete with the Maruti Swift diesel would not give it a price advantage at all. Also read: Pros and cons of Mahindra Verito
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New Source: The Economic Times