The petrol variants of the car are priced between Rs 4.99 lakh and Rs 7.01 lakh while the diesel trims are priced in the range Rs 6.16 lakh to Rs 8.11 lakh. The petrol automatic variant, featuring continuously variable transmission (CVT), is priced at Rs 6.76 lakh (all prices ex-showroom Delhi).

It will be manufactured at the company's Manesar plant.

MSI is eyeing leadership in the premium hatchback segment with Baleno, which will be sold through the company's new premium network of showrooms, Nexa.
    
Baleno will be competing with the likes of segment leader Hyundai i20, Honda Jazz and Volkswagen Polo which are priced between Rs 5.34 lakh and Rs 8.63 lakh.
    
Baleno comes with Apple CarPlay, an initiative in car entertainment system from the global leader of smartphones. MSI will be the first OEM in India to offer Apple CarPlay.
    
The model also comes with various features including multi-information speedometer and UV reduction glasses.

Baleno will be competing with the likes of segment leader Hyundai i20, Honda Jazz and Volkswagen Polo which are priced between Rs 5.34 lakh and Rs 8.63 lakh.
    
As per the company, the petrol variant of Baleno would deliver a fuel mileage of 21.4 kmpl while the diesel version would deliver a mileage of 27.39 kmpl.

Although the new model shares name with the erstwhile premium sedan Baleno there is nothing common between the two models.
    
MSI had discontinued the mid-sized sedan Baleno in 2006 and was replaced by SX4 later on. The company, which plans to launch several models this fiscal, has set a target of achieving two million sales annually by 2020.