The Indian car leader Maruti Suzuki is planning to revamp its entire product line in two years.
According to S Nakanishi (Maruti Suzuki MD & CEO), "We have exhausted our quota of new cars with eight new launches in India in the past three years. Now we are looking at strengthening our leadership by refreshing our old portfolio."
Most of these cars would be powered by the company's new KB series petrol engines which were developed with an investment of Rs 1,200 Crore.
One of the best selling hatchbacks Swift will receive a new makeover along with a new petrol variant. The largest selling Alto will come in two new variants and it is also said that the company is thinking of introducing a new version of Alto which will compete with the Tata Nano.
Grand Vitara, Wagon R and the Versa are also in the list of upgradation, where as the old models of Maruti- M800 and Omni will be modified to meet the Bharat IV compliance which will come into effect by 2010.
Revamping the existing models means a lot of saving compared to developing new cars and platforms. Besides this the company will be also introducing a new sedan called Kizashi which will be positioned against Honda Civic, Toyota Corolla and Hyundai Elantra.