Maruti Suzuki Approves 350 Billion Rupee Investment for New Gujarat Manufacturing Plant
India's top carmaker plans a massive expansion to add one million vehicles of annual capacity. The project aims to meet rising demand by financial year 2029.
Insights:
The board of Maruti Suzuki India Limited has approved an initial investment of 49.6 billion rupees for land acquisition in Gujarat to build a new manufacturing plant. This project represents a significant expansion for the automaker, with a total planned investment of 350 billion rupees ($3.9 billion). Once operational, the facility will add up to one million vehicles to the company's annual production capacity, representing a 42% increase from its current level of 2.4 million vehicles.
