IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, in a recent report on New Alto 800 said that the ‘Ring out the old, ring in the new’ is the mantra from Maruti. The ‘old Alto 800’ has gone out in a high after an 8-year reign, and it has been replaced by the ‘new Alto 800’.
According to IIFL Institutional Equities, its advent has meant that Hyundai has stepped up the decibel level for the Eon, despite the new Maruti baby lacking the bells and whistles that one finds in the fluidic Korean mini-hatch.
Maruti understands small cars and India, and it is functionality that it aims for, and has managed to get that it in dollops. It is a price Samurai, and also answers the perennial ‘kitna deti hai…?’ question very well, the brokerage added.
The report was published by IIFL’s Institutional Equities Research desk.