Shinzo Nakanishi in New Delhi on Tuesday. Picture by Ramakant Kushwaha

New Delhi, Aug. 25: The country’s largest car manufacturer, Maruti Suzuki India, today launched a variant of its small car Estilo. The car will now run on a more fuel efficient engine.

Powered by the K-series engine, the 998cc petrol Estilo comes at an introductory price ranging from Rs 3.12 lakh to Rs 3.95 lakh (ex-showroom, Delhi).

Maruti is planning to upgrade all its models to Bharat Stage-IV emission standard by March 2010.

The company also expects sales to grow by over 10 per cent during current fiscal.

“I think we should be able to sell 8 lakh units during this financial year and that is our target. This will be a growth of over 10 per cent compared with the last fiscal,” said Shinzo Nakanishi, managing director and CEO, Maruti Suzuki India.

Maruti sold over 7.22 lakh vehicles in the domestic market in 2008-09.

It sold 2,64,936 units within the country in the April-July period of this year, an increase of 13.70 per cent over the year-ago period.