-294.40 (-1.87%) Maruti Suzuki India (MSIL), country’s largest carmaker is planning to foray the light commercial vehicles (LCVs) segment in the coming two years. It has bagged its board of directors’ approval for the project in the last week. These new LCVs will be for both domestic and export markets. The company’s engineers have started working on adapting the diesel engine (1.3L) that it has licensed from Fiat to be used in the proposed vehicle.
The new LCV’s will be a pure goods carrier and will be available in both diesel and compressed natural gas variants. The new product will compete with LCVs already in the market such as Mahindra & Mahindra’s Genio and Maxximo Plus, Tata Motors’ Ace and Ashok Leyland’s Dost.