The country8217;s largest car maker,Maruti Suzuki India MSI,on Monday said it will launch a new van within this fiscal to replace its MPV Versa,whose production has been stopped.
8220;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,8221; 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.
8220;Hopefully,we will have one million units in production by the end of this financial year by utilising our full capacity,8221; Rao said.
He added the company is working on making all its models Bharat Stage-IV compliant as required under the government norms.
8220;We have not completed BS-IV compliance norms on all our models but we are working towards that direction,8221; 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.