[Aditya]

I doubt Mitsubishi will come to India on their own. They're in financial trouble worldwide. If Mitsubishi is to survive, they'll have to launch a fuel efficient and cost efficient microcar. The newer EVOs will be too expensive and demand will be really limited. The EVO IV & V will have good power and can be sold at a lower price.
While their research is zero, I don't think HM has messed up the Lancer. Mitsubishi can't do too much with the losses they are facing. They're pulling out of WRC too.