New Delhi: The country's largest car maker,
Maruti Suzuki India (MSI), today said it will launch a new van
within this fiscal to replace its MPV Versa, whose production
has been stopped.
"We will be launching a new van by the end of this
fiscal. This vehicle will replace the Versa, whose production
has already been stopped," Maruti Suzuki India Managing
Executive Officer (Engineering) I V Rao told reporters on the
sidelines of the Fourth Environmentally Friendly Vehicle
Conference here.
He, however, did not give the price point of the
soon-to-be launched vehicle.
MSI is also looking to produce one million vehicles by
the end of this fiscal.
"Hopefully, we will have one million units in production
by the end of this financial year by utilising our full
capacity," Rao said.
He added the company is working on making all its models
Bharat Stage-IV compliant as required under the government
norms.
"We have not completed BS-IV compliance norms on all our
models but we are working towards that direction," Rao said.
The company is also working on hybrid and electric
vehicles for demo cars, but Rao said it has no plans for a
full-fledged launch of vehicles with such alternative fuel
technologies.
-PTI
First Published: Monday, November 23, 2009, 12:32