The collaboration with Volkswagen AG for joint development of products will help revitalize its product portfolio in passenger cars in India, Moody’s said.
WR-V is the first model developed by Honda R&D India along with Honda R&D Japan.
While the petrol variants are priced between Rs 15.87 lakh and Rs 19.91 lakh, the diesel versions are tagged between Rs 17.36 lakh and Rs 19.05 lakh.
Bookings for the model opens on Wednesday and test rides will commence on 21 April, 2017.
According to data, Royal Enfield's sales in the 350-cc-plus motorcycle segment declined by 35% in the period under review. The co had sold 4,053 units in Feb 2016.
Auto components major Magneti Marelli’s global chief executive officer Pietro Gorlier tells ET that his company is working on developing costeffective environment-friendly powertrains and the Indian R&D team is contributing significantly to the line-up.
While sales of commercial vehicles went up by 7.34% to 66939 units last month, those of two-wheelers remained flat at 1362045 units.
Christened as Kwid Climber, the variant will be available in both manual and automated manual transmission (AMT) modes.
The Kwid is Renault’s most successful car in India, selling 130,000 units so far since its September 2015 launch, threatening the dominance of Maruti Alto.
This is Audi's third launch of the year after the new A3 Cabriolet and A4 TDI.
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