Launched in Feb 2017, Maruti Ignis is the smallest and most affordable car on sale via Maruti’s NEXA dealer. Today, it achieved sales milestone of 1 lakh units. This comes in about 26 months since launch (about 3,850 units monthly).
At the time of, Maruti Ignis was offered with petrol manual, petrol AMT, diesel manual and diesel AMT options. But today, it is only offered with petrol manual and petrol AMT options. Sales of diesel Ignis were negligible and thus the company decided to discontinue diesel Ignis.
Earlier this year, Maruti Suzuki launched the updated 2019 Ignis, which got mandatory safety features like rear parking sensors, speed warning, etc. Airbags and ABS were standard safety features on offer since launch. Price too was increased. Below is the updated price list of 2019 Maruti Ignis.
Powering the Ignis today, is a 1.2 liter petrol engine, which delivers 83 PS power and 113 Nm torque. Transmission options include 5 speed manual, as well as 5 speed AMT. As of now, this engine is BS4 compliant, but soon it will be updated to meet BS6 emission norms. Maruti has already updated Alto and Baleno to meet BS6 norms.
Maruti will not be updating their diesel engines to BS6, which is why they have decided to discontinue all their diesel cars from the market before April 2020. In 2018, 23% of total Maruti sales came via diesel cars. This number has been declining every year.
In other news, Maruti Suzuki India will be shifting royalty payment currency to Rupee from Yen by 2022. Maruti pays parent Suzuki royalty every year. This will benefit Maruti hugely. A single percentage appreciation in the Yen causes a dramatic effect on earnings before interest, tax depreciation and amortization by 1.2 percent. At the end of Q2, Maruti Suzuki paid 5.7 percent of sales as royalties to Suzuki. Suzuki Motor Corporation, with a 56 percent share in Maruti Suzuki also gains in the form of dividends and profit share, all of which were paid in Yen but will now move to the rupee denomination.
