Maruti Suzuki Chairman RC Bhargava said that with all the initiatives taken over the course of the last three years, the company is well on track to achieve its target of selling two million vehicles by 2020.
Ashok Leyland will continue to build LCVs Dost and Partner under a licensing agreement, which are based on Nissan's design, engineering and technology.
Initial reports indicate there were no casualties. The fire, workers said, have damaged the assembly line and could impact supplies to Maruti Suzuki.
Hiroyuki Fukui, CEO for Asia, Middle East & North Africa region at Toyota Motor, said the car maker will focus more on India and introduce vehicles to meet requirements of local consumers.
Garnet Red and Avant-Garde Bronze have accounted for about 40 per cent of the Innova Crysta’s sales since it was launched in May.
While the petrol variants are priced between Rs 12.99 lakh and Rs 17.99 lakh, the diesel variants are tagged between Rs 14.79 lakh and Rs 19.19 lakh.
The 1 litre Kwid will be pitted against Alto K10, which is priced between Rs 3.25-3.82 lakh.
The Gurgaon-based carmaker transports a little over 5% of its vehicles via railways but plans to increase this manifold if the railways can support it.
While sales of passenger cars in the national capital grew by over 12% last fiscal, those of utility vehicles went up by 1.5%.
However, he will continue to hold 32,500 shares, 0.02 per cent of the paid-up capital, as an individual shareholder.
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