Maruti Suzuki to launch van to replace Versa

The country's largest car maker, Maruti Suzuki India (MSI) 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.

Compact car ‘A Star’ is born

Maruti Suzuki is all set to launch its much-awaited next generation ‘K’ series engine that will be introduced in all its cars in India in the next three to five years. It will also be critical for the success of Japanese Suzuki Motor Corporation’s future strategic global models.

Being seen as a “generational change” in Suzuki’s engine technology, the ‘K’ series engine will be rolled out from Maruti Suzuki’s new engine plant at its Manesar (Gurgaon) complex next month. Apart from being Euro IV and Euro V-compliant, the new engine will be highly fuel-efficient that will be first introduced in soon-to-be-launched global car ‘A Star’.

Both Suzuki and its Indian subsidiary Maruti are banking heavily on its compact world car ‘A Star’ that will be equipped with new one-litre petrol engine. Japanese carmaker Suzuki hopes that the “green engine” would give it a strong foothold in the European markets. And for Maruti Suzuki, the new compact car would help further consolidate its position in the Indian car market and prove to be a timely answer to other newer products being launched by its competitor in the fast growing Indian automobile market.

The new engine holds much significance for Suzuki whose Chairman O. Suzuki, is on a three-day trip to India from Monday. He will also be visiting the new engine facility, that is part of the Rs. 9,000-crore investment being made by Suzuki Motor Corporation in India, and discuss the company’s future strategy vis-a-vis the ‘K’ series engine with Maruti’s top management. Mr. Suzuki would also preview ‘A Star’ at the Manesar (Gurgaon) assembly plant that is undergoing capacity expansion to reach three-lakh units.

‘A Star’ will make its India debut within a few weeks and then enter the European market early next year. While its one-lakh units would be exported to Europe, 50,000 units will be sold in the domestic market.

Currently, Maruti Suzuki has five types of engines used in its different models. The F-series engines in the Maruti 800, Omni, Wagon R and Zen Estillo, the G-series (two variants) in the Swift, Dzire, Esteem and Versa, the M-series in the SX4, and the K-series in the ‘A Star’.

Hyundai too raising car prices as input costs mount

HYUNDAI Motor India Ltd ( HMIL), the Indian arm of the Korean automobile maker, on Wednesday said it would raise the prices of its products by up to two per cent from the first week of June.



“There has been an increase in the input costs and we have been absorbing it for a while. The situation now is such that we have to pass some parts of it to the consumers,” Hyundai Motor India Ltd senior vice president marketing and sales Arvind Saxena said. He said the company will hike the prices of its various models by up to two per cent. “The price increase will come into effect from the first week of June,” he added.

Hyundai currently sells hatchback models Santro, i10, Getz along with sedans Accent, Verna, Sonata Embera in the country. The companys move to hike prices follows rival Maruti Suzuki India Ltd ( MSIL), which last week hiked prices across various models by between Rs 1,000 and Rs 18,000.

Maruti had hiked the prices of all its petrol variants — the hatchback Swift, sedan SX4 and the Gypsy — by Rs 9,000, while the price of the diesel version of Swift was raised by Rs 15,000. It had also increased the price of all variants of Zen Estilo and WagonR LPG by Rs 1,000 and of Alto and M800 by Rs 1,500.

Prices of all variants of Omni and WagonR Petrol were hiked by Rs 2,000 and that of multi- utility vehicle (MUV) Versa by Rs 8,000. Earlier, in January, Hyundai Motor India had raised the prices of all its models by between two to three per cent.

Maruti hikes prices of its models as input costs rise

INDIA'S largest car maker Maruti Suzuki India Ltd, on Monday raised prices of most of its models to offset the rising cost of inputs such as steel.

The price hike ranges from Rs 1,000 on the Zen Estilo and Wagon R hatchback to Rs 18,000 on its sedan Swift Dzire. The company had launched the Swift Dzire sedan with an introductory price ranging from Rs 4.49 lakh to Rs 6 lakh across different variants, which has now been withdrawn, a Maruti dealer said.

Maruti has also hiked the prices of all petrol variants of hatchback Swift, SX4 and Gypsy by Rs 9,000, while the price of the diesel version of Swift has been raised by Rs 15,000. It has also increased the price of all variants of Zen Estilo and WagonR LPG by Rs 1,000 and of Alto and M800 by Rs 1,500.

Prices of all variants of Omni and WagonR Petrol have also been hiked by Rs 2,000 and that of multi- utility vehicle Versa by Rs 8,000. The price increases, which spared the Grand Vitara SUV, came into effect at the weekend, he said.

Maruti's managing director, Shinzo Nakanishi, had said in April that the car maker was negotiating with steel companies on new contracts, for which it faced up to a 40 per cent price increase. Earlier, Maruti had cut prices of some of its models, after the government reduced excise duty on small cars.