Tata Motors on Wednesday launched their most anticipated hatchback, Tata Tiago for a base price of Rs 3.20 lakh (ex showroom, New Delhi). With the launch of the Tiago hatchback, Tata Motors will be entering the hatchback segment with a vengeance and will hope to topple Maruti Suzuki Celerio, Honda Brio, Chevrolet Beat and Hyundai Grand i10 in the market.ALSO READ||Spec Comparison: Tata Tiago vs Celerio, Grand i10 and Brio The Tiago will be taking over from the Indica, a car that was first manufactured by Tata Motors in 1998 and has been present in the Indian market for 18 years. The Indica although did not do very well with private buyers, but it was a hit as a commercial vehicle.The major difference in the two cars is that the Tiago has been developed keeping in mind people who will be buying the car for personal use. Moreover, the production of the new Tata Tiago hatchback is underway at the company’s Sanand plant in Gujarat.Price: Variant Price (Petrol) (ex showroom, New Delhi) Variant Price (Diesel) (ex showroom, New Delhi)Tata Tiago XB Rs 3.20 lakhTata Tiago XB Rs 3.94 lakh Tata Tiago XE Rs 3.59 lakhTata Tiago XE Rs 4.29 lakh Tata Tiago XM Rs 3.89 lakhTata Tiago XM Rs 4.69 lakh Tata Tiago XT Rs 4.19 lakhTata Tiago XT Rs 4.99 lakh Tata Tiago XZ Rs 4.75 lakh Tata Tiago XZ Rs 5.54 lakhALSO READ||Tata Tiago launch delayed from March 28 to April Design: The Tiago sports a fresh new design as evident in other cars from the Tata Motors portfolio. It gets a sleek front end with a blacked-out grille that has the Tata Motors badge sitting on it. The interiors of the car feel different than what we are used to expecting from Tata and the quality of plastics used feel upscale. The instrument panel is neatly laid out and Tata has able to give the cabin a premium feel.ALSO READ||Can Tata Tiago be a game changer for Tata Motors? advertisementEngine: The Tiago is slated to get both, petrol and diesel variants. The petrol models will be powered by the 1.2-litre Revotron engine, while their diesel counterparts will be powered by a 1.05-litre Revotorq motor. The Revotron engine can produce 84 bhp and 114Nm of torque while the Revotorq motor produces 69 bhp and 140Nm of torque. The Tiago will be offered with a five-speed manual for both petrol and diesel variants with the possibility of an AMT also.Moreover, the Tata Tiago will have Multi-drive modes which is a segment-first.ALSO READ||What can we expect from the Tata Tiago? Fuel Efficiency: Tata Tiago hatchback gives a company claimed fuel efficiency of 23.84 kmpl for the petrol engine and 27.28 kmpl for the diesel variants.Variants:The new Tata Tiago will be available in five variants- XB, XE, XM, XT and XZ.ALSO READ||Stung by Zika virus, Tata renames hatchback Zica to Tiago Dimensions:The new Tata Tiago comes with a wheelbase of 2400 mm and is 3746 mm in length, 1647mm in width, 1535mm in height and a ground clearance of 170 mm.Competition:The new Tata Tiago hatchback will compete against the likes of Maruti Suzuki Celerio, Honda Brio, Chevrolet Beat and Hyundai Grand i10 in the market.