Maruti Suzuki India is planning to invest an amount of Rs 3,500 crore in the Indian car market with the aim of strengthening its market leadership in India. The carmaker currently accounts for 40 percent of Suzuki’s global sales and will also be ramping up exports to Africa, Middle East and other global markets in addition to overseas plants.
According to Mr. R C Bhargava Chairman Maruti Suzuki India, the proposed capital investment currently stands at Rs 3,500 crore which is expected to increase as the automaker proceeds with its expansion plans.
The fresh investment will also enable the carmaker to launch new products as well as increase production capacity in India. The production at the new plant in the state of Gujarat is expected to be operational by the end of the fiscal 2015-16. A third production line at its Manesar production facility is also expected to be commissioned in addition to the Phase 1 of the diesel engine production line at Gurgaon plant.