The new Mercedes-AMG C 63 Coupe is even cheaper than the previous-gen model which was on sale in India until early 2019.
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Upgraded Rio features Kia’s first gasoline mild-hybrid powertrain.
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The company's rival in India, SoftBank Group-backed Ola said last week it would cut abut 1,400 jobs as a lockdown brought down revenue by 95% in the last couple of months.
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Profit came in at 215.1 billion yen ($1.99 billion) for the year to March, down 34% from a year ago and its lowest since the year ended in March 2016.
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Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines.
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Spencer Meyer initiated the high-profile 2015 antitrust lawsuit alleging that Uber Technologies Inc engaged in an illegal conspiracy with its drivers to coordinate high "surge pricing" fares during periods of heavy demand by agreeing to charge prices set by an algorithm in the Uber ride-hailing app.
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The automaker in July last year it would cut 12,500 employees, nearly 10% of its of 140,000-strong workforce.
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With nearly $19 billion of debt and roughly 38,000 employees worldwide as of the end of 2019, Hertz is among the largest companies to be undone by the pandemic.
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