Sources familiar with the matter have indicated that Maruti Suzuki, the biggest car manufacturer in India, is planning to invest more than $5.5 billion (which translates to over Rs 45,000 crore) in order to double its production capacity to 4 million vehicles by 2030. The move is intended to increase the company's market share in the domestic market and bolster its exports. The Economic Times reported that Maruti Suzuki is planning to establish two new facilities with eight assembly lines, each with an annual production capacity of 250,000 units.
According to Sources, the projected cost could potentially increase based on the commissioning timeline and cost escalation. The construction of the first unit in Kharkhoda, Haryana has already begun. At present, Maruti Suzuki has an aggregate installed capacity of 2 million units across Mahesana, Gujarat and Manesar, Gurugram.
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