To reduce the transit time and increase delivery of vehicles, country's largest auto-maker Maruti Suzuki would set up its stockyard facility in Nagpur, a top company official said today.

"We will be setting up one in Nagpur soon," Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek told reporters here.

Asked whether the delivery of its latest sedan DZire would be increased with the setting up of stockyard, he said "We are only producing 8,000 units in our plant. We should be increasing the production.. This stockyard would help to reduce the transit time of other products..", he said.

Currently, delivery of DZire takes upto three to four months.

He said stockyard would be established region-wise so that there would not any delay in delivery of the vehicles.

"We just opened one in Bangalore.. (for southern region). We will be setting up one in Nagpur soon..", he said.

Pareek and senior company officials were here to launch the new DZire at Tamil Nadu market.

The new DZire has at least 150 new features compared to the existing model.

The petrol variant is priced at Rs 4.77 lakh to Rs 6.20 lakh (ex-showroom Chennai) and the diesel variant from Rs 5.82 lakh to Rs 7.12 lakh (ex-showroom Chennai).

Maruti Suzuki reported a 5.18% rise in sales in January at 1,15,433 units. The company had sold 1,09,743 units in the same month last year.