The country’s largest car maker Maruti Suzuki India Ltd is launching a new multi-utility vehicle (MUV) by October this year.
The new car, to be built on the Versa platform, is expected to strengthen the company’s portfolio in the van segment. The price is yet to be decided. The new car, codenamed O2, is currently at an advanced stage of design and would be produced at Maruti’s plant near Delhi, according to sources.
“We do not share our product plans in advance. We announce the same at an appropriate time,” a company response said.
The new car is expected to bolster Maruti’s position in the combined people and luggage carrier segment. The segment grew to 10,708 in April 2009 from 8,816 in April 2008, according to the Society of Indian Automobile Manufacturers.
The company launched the A-Star and the Ritz in the last few months, targeted at the urban driver.