The 2.5 lakh vehicles capacity factory is expected to be commissioned by 2025
The Indo-Japanese auto giant has finalised a landsite for its new manufacturing plant. An 800 acres plot has been allotted to the brand at IMT Kharkhoda in agreement with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited). Maruti says the plant, once commissioned, will be capable of producing 2,50,000 vehicles per year and will have scope for expansion as well to include more plants in the future. The company will be investing a total of Rs 11,000 crores in the first phase of the setup and expects to complete the project by 2025.
Along with this, Suzuki Motor Corporation has also signed a deal with the Government of Gujarat to invest Rs 104.4 billion for manufacturing of electric vehicles and EV batteries in India (read more here).
The hefty investment by the brand suggests a strong and ever-growing demand for its vehicles in our country. Maruti Suzuki India Limited (MSIL) is one of the leading car manufacturers in India with over 40 percent of market share. Its current portfolio includes several cars in almost every segment like the Alto, Celerio, Baleno, Dzire, Eeco, Ertiga, Ignis, S-Presso, Swift, Vitara Brezza, WagonR, Ciaz, XL6 and S-Cross.