UPDATE 2-India's Maruti launches Swift to win back share

Newswire

(Adds quotes, stock price closing, detail) By Shailendra Bhatnagar NEW DELHI, May 25 (Reuters) - Maruti Udyog Ltd., India's largest carmaker, launched its much awaited Swift premium hatchback car on Wednesday hoping to claw back lost market share in the hugely competitive industry. New Delhi-based Maruti , 54.2 percent owned by Suzuki Motor Corp, priced the modern European style hatchback at a competitive 387,000 rupees ($8,895) to 485,000 rupees to meet the challenge from aggressive ...

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