Just a few days ago, we reported that Mitsubishi Hindustan Motors decreased the prices of their cars by some six thousand rupees in India. The last few months have been busy for Mitsubishi. Now Indian newspaper, The Economic Times, is reporting that Hindustan Motors will introduce a new "‘niche vehicle", which will be sourced from Mitsubishi Motors’ stable.
R Santhanam is the managing director of Hindustan Motors. On the sidelines of the sixty-seventh annual general meeting of the company, Santhanam explained, “We are gearing up for the launch of a niche vehicle, hopefully, within this year, for which we are awaiting requisite homologation from ARAI (Automotive Research Association of India).”
Mitsubishi Hindustan Motors launched their Outlander sports utility vehicle in October last year while in March 2009, they rolled out the Montero, which costs somewhere around Rs. 41.88 lakhs (ex-showroom). However, Santhanam hasn’t revealed anything about the price bracket for the niche car from Hindustan Motors.
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