New Delhi, May 15 -- Suzuki Motor Corp. is exploring the possibility of having two more brands in India, taking a leaf out of its Japanese rivals Honda Motor Co. Ltd, Toyota Motor Corp. and Nissan Motor Co. Ltd that sell vehicles under more than one brand name.

All vehicles produced by Maruti Suzuki India Ltd, the country's largest carmaker, currently sport the Suzuki badge. What the company is deliberating is to carve out Nexa, its premium chain of dealerships, into a separate brand, with vehicles under it possibly sporting a new badge in the future. The company is also evaluating the possibility of a third brand to attract consumers in the 25-35 age bracket, two people directly aware of the developments said, requesting anonymity.

Suzuk...