Maruti Suzuki India Ltd (MSI), the country's largest car maker, on Monday said it will launch a new van within this fiscal to replace its MPV Versa, whose production has been discontinued.
"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's managing executive officer for engineering, IV Rao told reporters on the sidelines of the Fourth Environmentally Friendly Vehicle Conference in New Delhi.
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 that the company is working on making all its models Bharat Stage-IV compliant as required under the government norms.
The company is also working on hybrid and electric vehicles for demo cars, but Mr Rao said it has no plans for a full-fledged launch of vehicles with such alternative fuel technologies. — Yogesh Sapkale[email protected]