Maruti Suzuki India Ltd.

Maruti Suzuki, India's largest passenger carmaker has reportedly bagged approval for its proposal to start manufacturing light commercial vehicles (LCV). The entity has started with the development of new LCV codenamed Y9T and will compete head-on with the Tata Ace. The new LCV will be powered by a new 2-cylinder 800cc diesel engine.

The automaker is likely to roll out its first LCV from Gujarat plant, which goes on stream in FY16. The new range of LCVs is being developed ground up at the India research and development centre.