Maruti plans a total investment of Rs 6,125 crore in India by 2013
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Posted On :
Sep-09-2010
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Article Word Count :
305
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As the country's automobile sector is grows at its best pace ever and is expected to grow even faster in coming years, the auto giant Maruti Suzuki seems to be leaving no stone unturned in making the most of this high growth momentum.
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As the country's automobile sector is grows at its best pace ever and is expected to grow even faster in coming years, the auto giant Maruti Suzuki seems to be leaving no stone unturned in making the most of this high growth momentum. The company is planning a massive investment up to Rs 6,125 crore in its domestic market in the next three years. The company has already sanctioned about Rs 1,700 crore for the establishment of its third plant in Manesar. In addition to this, it has planed to invest Rs 1,925 crore for building its fourth manufacturing plant in the Indian market by 2013.
As per a statement given by Suzuki Motor Corp Chairman Osamu Suzuki in the annual general meeting of the company, the new plant at Manesar will have an annual production capacity of 2.5 lakh units and the investment on it would be 35 billion yen. He added that with this plant, total output from MSI will be at 1.75 million units. With this, the company is also planning to invest about Rs 2,500 crores for the establishment of a new engine plant and a R&D (research & development) center in Rohtak, Haryana.
Where the investments for the Rohtak plant and third plant at Manesar were announced in the month of March this year, the investment of Rs 1925 crore for the fourth plant was announced on Tuesday. At present, the total manufacturing capacity of the Maruti Suzuki India is 12 lakh units but despite producing these many cars, it is still struggling to catch-up with the rising demand for its cars in the Indian market. The company currently has some of the most popular cars in its India portfolio that comprises of highest selling cars like Maruti Alto, Wagon R, Swift and Swift Dzire.
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Article Source :
http://www.articleseen.com/Article_Maruti plans a total investment of Rs 6,125 crore in India by 2013_32354.aspx
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Keywords :
Maruti Alto, Maruti Alto car, Maruti Alto price, Maruti Alto in India, Maruti Alto car price, Maruti Alto price in India, Mar,
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Travel and Leisure
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Cars
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