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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.
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