<p>"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.<br />He, however, did not give the price point of the soon-to-be launched vehicle.<br />MSI is also looking to produce one million vehicles by the end of this fiscal.<br />"Hopefully, we will have one million units in production by the end of this financial year by utilising our full capacity," Rao said.<br />He added the company is working on making all its models Bharat Stage-IV compliant as required under the government norms.<br />"We have not completed BS-IV compliance norms on all our models but we are working towards that direction," Rao said.<br />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.</p>
<p>"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.<br />He, however, did not give the price point of the soon-to-be launched vehicle.<br />MSI is also looking to produce one million vehicles by the end of this fiscal.<br />"Hopefully, we will have one million units in production by the end of this financial year by utilising our full capacity," Rao said.<br />He added the company is working on making all its models Bharat Stage-IV compliant as required under the government norms.<br />"We have not completed BS-IV compliance norms on all our models but we are working towards that direction," Rao said.<br />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.</p>