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With the Grand Vitara, Maruti Suzuki India (MSI) is looking to expand its presence in the mid-sized SUV segment, where it currently lags the competition.
The government has hiked the first prize money to a whopping Rs 25 crore.
Although the upcoming SUV will share a lot of parts with the Toyota Urban Cruiser Hyryder it is likely to have several changes to differentiate it from its cousin.
Maruti had already started accepting bookings ahead of the launch. One can pay Rs 11,000 through Maruti Suzuki Arena dealership or online to book the vehicle.
Maruti's parent company Suzuki and Toyota are cooperating in every aspect of the vehicle's development, design and engineering. The vehicle will be built on Toyota's low-cost Daihatsu DNGA platform
V Krishnamurthy was the chairman of SAIL from 1985 to 1990.
The road transport ministry said in a statement it will assign a rating of one to five stars for cars, based on tests assessing adult and child occupant protection as well as safety assist technologies.
Earlier this year, the road transport ministry said it will make it mandatory for carmakers to provide the same in motor vehicles that can carry up to 8 passengers, for enhanced safety of occupants from October this year.
The share of MVP which was 6 per cent of the total vehicle market has now increased to 8.5 per cent.
Sambandam, who now owns the multi-million-dollar Kissflow Software group, has gifted 530D model BMW car costing around Rs 1 crore to five employees. Suresh believes rewards should be offered to employees to retain and attract exceptional talents.