Maruti Suzuki Limited is investing Rs. 1200 crore to upgrade its existing engine to new fuel efficient light weight engines. These new engines will not only be more fuel efficient but also comply with the new BS –IV emission norms. “While all our new launches will be on the new engines, in the long term we plan to gradually replace our existing series of engines with the fuel efficient KB series engines,” said Maruti Suzuki India MD & CEO Shinzo Nakanishi.
“We are working on different combinations. We will continue to have both F and KB series engines on different vehicles meeting the emission regulatory requirements. The KB series engines are highly fuel efficient and carry a higher cost then the current series of engines ,” MSI executive officer (R&D ) IV Rao said.
Maruti is also set to make new records by investing Rs. 6000 crores in the country that will contribute nearly Rs. 20,000 crores to country’s GDP. These 20000 crore estimated excludes the impact of upcoming diesel engine plant and likely investment in Maruti’s existing Gurgaon plant.
It also plans to introduce new models in the country and its latest model with KB series engine – Maruti Ritz is ready to be launched in May 2009. The company also intends to phase out its most popular model M800 in next two years as they will not be compliant with the new emission norms.