The company has launched
a 1.5 litre diesel sports utility vehicle
(SUV) named Rio
, based on "Zoyte" car RiO, priced in the range of appx. Rs.5 lakh to Rs.7 lakh, will be sourced from Chinese four-wheeler maker Zotye Group in completely knocked down kits
.Premier has signed a five-year component
and kit supply deal with the Chinese company to assemble
the vehicle at its Pune facility. Significantly the deal marks Zotye's entry into India
.
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