MUMBAI : Tata Motors on Tuesday launched a new four-wheel, small passenger carrier, Magic Iris, and 600-kg smart micro truck, Ace Zip, priced at Rs 1.95 lakh and Rs 1.90 lakh (ex-showroom Thane, near Mumbai), respectively.
The company's Magic Iris is a 3-4-seater, small passenger carrier and is a better substitute for passenger-carrying three-wheelers.
"Magic Iris is a better alternative to auto rickshaws and other similar three-wheeler passenger carriers. This small passenger vehicle segment is doing well and we hope people accept this vehicle," Tata Motors President, Commercial (CVBU), Ravi Pisharody told reporters here.
The Iris is equipped with a 611-cc, water-cooled engine with 11 HP power. The vehicle comes with a warranty of one year, or 36,000 kilometres. It will be available in four colours, arctic white, ruby red, school yellow and jet black.