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At a time when every purchase puts pressure on your pocket, low cost cars gives a sigh of relief.
Even a lakh or tad more is a costly figure for an average Indian. Cars under Rs 300,000 are quite popular and in demand by consumers who feel quite helpless with ever-increasing inflation.
Indian consumers with their inherent nature to choose a good value proposition place a low cost hatchback on top of their priority list.
Without compromising on quality, leading manufacturers -- Hyundai and Maruti -- are bent on launching lowest priced cars in the country to cater to the mass audience.
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Hyundai EON
The country's, second largest car manufacturer, Hyundai Motors has developed the small car Hyundai Eon to target Maruti Alto -- the best-selling car in the segment.
Sharing the similar dimensions as Alto's, nevertheless a notch taller than the latter, Hyundai EON adorns the Hyundai's 'Fluidic' design.
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The small car has been endowed with plethora of features and classy look.
Hyundai EON is not for those who are looking for a replacement of Tata Nano.
This small car is for buyers who clamour for a car, which is different in appearance from Alto, Beat or Santro.
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The car offers best-of-class fuel efficiency of 21.1 kmpl and a unique digital gear shift that enables an optimum gear usage.
The hatchback is offered in 6 variants powered by an 814 cc 3-cylinder petrol engine to churn out a peak power of 56 Bhp and top torque of 76 Nm.
A 5-speed manual gearbox has been incorporated to transmit the power on to its wheels.
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The Korean manufacturer nevertheless had to compromise on the safety features like Anti-Brake Locking System (ABS) and Electronic Brake Distribution (EBD) to bring down the cost.
However, the power steering, power windows and airbags are included in the top variant Hyundai EON Sportz.
The Hyundai Eon price starts at Rs 269,999 ex-showroom Delhi.
Maruti Alto
Maruti Alto is no doubt the leader in the low-cost hatchback segment.
The tried and tested car which is an ideal bang for buck proposition including the low maintenance cost of Maruti, price and high fuel efficiency, is an epitome of an ideal family car.
In order to gear up for the competition set up by Hyundai Eon, Maruti also recently launched a limited edition version of Maruti Alto Xplore.
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The limited edition is only on the top variants, Maruti Alto LXi and Maruti Alto K-10 VXi.
Alto Xplore comes with 10 new features such as, double din stereo with USB, refurbished leather upholstery, re-designed exteriors, body colored bumpers, ORVMS, new door handles and Sporty Roof Spoilers.
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A standard 5-speed manual gearbox with a cable type gearshift is mated with the engines.
A CNG variant had also been introduced to claim an excellent fuel efficiency of 20.2 km/kg and top power of 39 PS and 54 Nm of top torque.
The Maruti Alto price starts from Rs 232,247 and does not climb beyond Rs 328,126 for its top variant, thus catering to the mass audience.
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Maruti 800
Maruti 800, the oldest car from the Maruti stable was launched back in 1983.
With low maintenance cost and price, the car had been successful in roping in many car lovers lately.
Despite proving to be an ideal choice of a small family, the car had been phased out from cities with BSIV emission norms.
However, the car is available in the BSIII cities.
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Maruti India is nevertheless going to introduce a revamped version of the existing model in 2012 with many attractive features and a more efficient engine to comply with the BS IV emission norms.
Maruti 800 is available in LPG and petrol variants.
A 796 cc petrol engine has the capacity to produce a peak power of 37.5 PS and a top torque of 6 kgm.
The petrol variant provides a mileage of 19.9 kmpl on highways, while the LPG variant delivers a fuel efficiency of 16.4 kmpl.
The price ranges between Rs 195,028 - Rs 233,784.
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Hyundai Santro Xing
Hyundai Santro Xing has proved that looks alone does not contribute to the sales volume driven by the car.
The car had been received with an overwhelming response from the consumers all over the country and holds a great potential to compete with rivals including Chevrolet Spark and Maruti Wagon R.
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The hatchback sports a 1.1 L 1086 cc 4-cylinder petrol engine that churns out a peak power of 63 PS and a top torque of 96 nm.
The car is offered in LPG and petrol variants with a promising mileage of 17 kmpl on the highways.
The Hyundai Santro Xing sports a starting price of Rs 285,964.
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Tata Nano
Tata Nano is the much-hyped cheapest small car across the world, which houses a 623 cc 2-cylinder engine to produce a peak power of 35 Ps and a peak torque of 48 Nm.
Since the launch, the car had been quite successful in the country due to its extremely low price tag.
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Brazil is the latest nation to approach the Indian auto manufacturer to market the small car there.
Sri Lanka and Bangladesh are the other two nations which have shown interest in Nano.
The Tata Nano base variant comes at Rs 127,064 and the top variant costs Rs 196,956.
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Tata Indica Xeta
Tata cars are always believed to be reliable on-road vehicles. Tata Indica Xeta is a power packed car offering top of the range toque pot of 12.4 kgm.
Powered by an 1193 cc MPFI petrol engine the car promises a fuel efficiency of 15.3 kmpl and a peak power output of 70 PS.
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Despite being a small car, it can comfortably accommodate 5 passengers with spacious interiors.
The Tata Indica Xeta's price starts from Rs 295,568 and goes up to Rs 360,223.