Maruti to invest ₹10,189 crore in capacity expansion Business News & Hub

The board of Maruti Suzuki India Ltd. on Tuesday approved addition of first phase of capacity of 2,50,000 vehicle per annum at Khoraj Industrial Estate in Gujurat involving an investment of ₹10,189 crore which will be met through internal accruals.

The additional capacity will meet demand growth, including exports.

“This includes investment for the first phase of car manufacturing plant having an annual manufacturing capacity of 2,50,000 units and some common infrastructure and facilities for future plants,” the company said in a filing with stock exchanges.

“This first phase of capacity of 2,50,000 vehicles per annum is expected to be added by 2029 subject to market conditions,” it said.

The company’s total existing capacity is around 24 lakh units per annum in Gurugram, Manesar, Kharkhoda and Hansalpur, with a capability to produce 26 lakh units per annum.

This includes the units produced at erstwhile Suzuki Motor Gujarat Private Limited which has been amalgamated with the Company. The existing capacity is fully utilized.


Source: https://www.thehindu.com/business/maruti-to-invest-10189-crore-in-capacity-expansion/article70779631.ece