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Maruti plans ₹35,000 cr plant in Gujarat
Mint Mumbai
|January 11, 2024
Maruti Suzuki India said it plans to have a production capacity of about 4 million vehicles by FY31
Maruti Suzuki India Ltd will invest about ₹32,000 crore to establish an automobile plant in Gujarat that will eventually produce about 1 million vehicles every year, the company said in a statement.
The plant is expected to begin operations in FY2028-29.
Maruti Suzuki will invest another ₹3,200 crore to set up a fourth production line at its wholly owned subsidiary Suzuki Motor Gujarat Pvt. Ltd for increasing production of electric vehicles.
This story is from the January 11, 2024 edition of Mint Mumbai.
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