Maruti to put the breaks on Esteem
India`s leading car maker, Maruti Suzuki (Q, N,C,F)* (MSIL) will stall production of Maruti Esteem after it resumes operations at its Manesar plant on January 2, reports DNA.
The model will be replaced by sedan variant of popular Swift. Maruti Suzuki is likely to roll out the new Swift sedan on Indian roads by March 2008.
It is likely to introduce a diesel powered version later in the year.
The 1.3 lt petrol engine powered Esteem has been on Indian roads since 1994 and the company sold over 1,000 units of the car in November.
MSIL`s first-ever sedan on Indian roads was the Maruti 1000 which was given a higher engine and rechristened as Maruti Esteem in 1994. The company is offering a discount of up to Rs 57,500 on Esteem which includes finance cash-back and exchange bonus.
