Country's largest car maker Maruti Suzuki on Wednesday launched its new hatchback 'A-Star' in the Indian market and said it would in four years come out with its first indigenous car.

The 'A-Star' will be available at an introductory price ranging from Rs 3.47 lakh to Rs 4.12 lakh.

"We have started the ground work to launch a car which is conceived, designed and developed fully in India," Maruti Suzuki India Managing Executive Officer (Engineering) I V Rao said. The company is hopeful of rolling out the car in the next four years, he added.

He however, declined to comment whether it would be a small car or a bigger one.

"We are discussing it internally," Rao said.

A-Star is Maruti's fifth global model which would be manufactured only in India. The company plans to sell 50,000 units in the domestic market, while targets to export 1 lakh units.

The car would be manufactured at Manesar production facility.

A-Star will be powered by a 998cc K10B petrol engine and will be available in three variants in the domestic market.

For exports, the company would manufacture A-Star in over 200 variants and sell to around 150 countries across Europe, the Middle East, Latin America, Asia, Australia and Africa.

The company expects that A-Star would contribute half of its overall export target of two lakh units by 2010-11.