Total capex till 2030-31 could be about ₹1.25 lakh crore: MSI
The Hindu
Maruti Suzuki India (MSI) plans to expand product range to 28 models and production capacity to 40 lakh units per annum by 2030-31, with a capex of ₹1.25 lakh crore. MSI will need ₹45,000 crore to create a capacity of 20 lakh units and additional capex for sales, service, spare parts infrastructure, conversion of production lines, R&D, 10-11 new models, EVs and SUVs. MSI board approved issue of shares to Suzuki Motor Corporation (SMC) for acquisition of 100% stake in Suzuki Motor Gujarat (SMG).
Maruti Suzuki India's capital expenditure till 2030-31 could be about ₹1.25 lakh crore as it plans to enhance product range to 28 models from the 17 currently and expand production capacity, according to a regulatory filing.
The country's largest carmaker is lining up capex to expand its total production capacity to 40 lakh units per annum by 2030-31.
"The regular capex in the existing plants at Gurgaon, Manesar and Gujarat will continue. The amount in 2022-23 was around ₹7,500 crore. Total capex till 2030-31 could be as much as ₹1.25 lakh crore," Maruti Suzuki India (MSI) said.
In a presentation for shareholders, analysts and proxy advisors, the auto major stated that it will need about ₹45,000 crore to create a capacity of 20 lakh units.
This is based on current costs and a small amount for cost escalation, it noted.
Elaborating on the benefits of issuing shares on a preferential basis to Suzuki Motor Corporation (SMC) rather than utilising cash for the acquisition of Suzuki Motor Gujarat (SMG), the company said funds would be needed for creating the sales, service and spare parts infrastructure to almost double domestic sale volumes.
"The infrastructure for exporting the much larger volume of cars will also have to be strengthened. The conversion of production lines to have greater flexibility will need additional capex" it said.
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