Maruti to invest ₹35,000 crore to set up second manufacturing plant in Gujarat: Toshihiro Suzuki
The Hindu
Maruti Suzuki India (MSI) will invest ₹35,000 crore to set up its second manufacturing facility in Gujarat as it looks to ramp up annual production capacity to over 40 lakh units by 2030-31, Suzuki Motor Corporation president Toshihiro Suzuki said on January 10.
Maruti Suzuki India (MSI) will invest ₹35,000 crore to set up its second manufacturing facility in Gujarat as it looks to ramp up annual production capacity to over 40 lakh units by 2030-31, Suzuki Motor Corporation president Toshihiro Suzuki said on January 10.
Speaking at the 10th Vibrant Gujarat Global Summit (VGGS), Mr. Suzuki said the plant would have an installed production capacity of 10 lakh units per annum.
"We will invest ₹35,000 crore for the construction of a second car plant in Gujarat which would produce another one million units per year," Mr. Suzuki said.
The new plant is expected to start operation in FY2028-29. Details of location and the models to be produced will be shared in due course.
As a result, the annual production capacity in Gujarat will be 2 million (20 lakh) units— 10 lakh units at Suzuki Motor Gujarat and 10 lakh units at the second new plant, he added.
Japanese auto major Suzuki Motor Corporation has around 58% stake in MSI.
Mr. Suzuki noted that under the strong leadership and consistent support of Prime Minister Narendra Modi for manufacturing industries, the Indian automobile market has been expanding steadily.