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Maruti Suzuki to double production capacity to 4 mn
The Business Guardian
|August 30, 2023
Maruti Suzuki India, one of the leading car manufacturers in the country, plans to invest approximately Rs 45,000 crore to double its production capacity to 4 million units annually over the next eight years, according to Chairman RC Bhargava. He also mentioned that the company would consider suggestions from shareholders for a stock split. These announcements were made during the company’s annual general meeting.
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Bhargava highlighted the challenges and uncertainties in the automotive industry as it moves towards carbon neutrality. He noted that Maruti Suzuki would be exploring various technologies, including electric vehicles (EVs), hybrids, compressed natural gas (CNG), ethanol-blended fuels, and compressed biogas.
The company aims to adapt to these new technologies as the industry evolves.
Under its strategic plan called ‘Maruti 3.0’, the company aims to add another 2 million units of production capacity with around 28 different models in the market by the fiscal year 2030-31. This expansion aligns with the company’s goal of adapting to changing market dynamics and customer preferences.
Dit verhaal komt uit de August 30, 2023-editie van The Business Guardian.
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