Auto major Mahindra & Mahindra on Thusday launched a new version of its sedan Verito in both petrol and diesel options, priced between Rs 5.27 lakh and Rs 7.14 lakh (ex-showroom, Delhi).
The new Verito is more expensive by Rs 7,000 to Rs 19,000 across different variants than earlier model.
With the introduction of new Verito, the company will stop production of the earlier version.
While launching the model here, the company said the car will compete with rivals like Maruti Suzuki's DZire and Toyota Kirloskar Motor's Etios.
DZire is currently available between Rs 4.88 lakh and Rs 7.35 lakh, while Etios is sold at Rs 5.14-8.23 lakh.
All prices are according to respective companies' official websites and are ex-showroom, Delhi, rates.