India’s largest carmaker Maruti Suzuki plans to invest over $1billion to revamp its range and launch over 15 new vehicles in three to five years, ahead of new regulations and emission norms coming into force, said several people with knowledge of the strategy.

This is part of Maruti Suzuki’s Vision 2.0, the aim of which is to hit 2 million in annual sales by the end of the decade from 1.28 million now. At the entry level, it will adopt the Kei platform developed in Japan to conform to new crash standards that will be put in place by 2017-18. This will be the base for the new Alto, codenamed Y5J, to be introduced in 2018.

http://economictimes.indiatimes.com/industry/auto/news/industry/maruti-suzuki-plans-to-invest-1-billion-and-launch-over-15-new-vehicles/articleshow/50842287.cms

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