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      Eyeing Future, Maruti Suzuki geared up to invest Rs 3,000 cr in next fiscal

      Vikas Yogi

      Vikas Yogi

      Country’s largest passenger car manufacturer, Maruti Suzuki is gearing up to invest INR 3,000 crore in the coming fiscal to enhance its production capacity and to launch a new series of cars in the country by 2012-13 as per statements from the company.

      The company is investing a total of Rs 3,625 crore on each of the two plants being constructed at Manesar facility. Apart from these, Rs 4,000 crore is currently being utilized in various activities such as setting up new assembly lines inside its Manesar facility, marketing, R&D and new model launches. Also, around 2,500 crore is employed for R&D of its K-series engine in dedicated plant at Rohtak, Haryana.

      In a recent statement at a conference, Maruti Suzuki India (MSI) Chief Financial Officer Ajay Seth said, "For next fiscal, our capex plan is about Rs 3,000 crore. We will invest on expanding capacities, new model launches, marketing activities and R&D."

      Moreover, the company in now focusing on the sales of diesel variants as there has been a sudden increase in the demand for diesel-run cars in the country. When asked about the increase charm of diesel cars, Mr. Seth said that the company is working on increasing its diesel unit producing capacity from the current 2.4 lakhs to 2.9 lakhs per annum.

      The diesel car sales have risen by 21 percent after a growth of 19 percent last year. "Diesel cars sales have increased to 60-80 per cent after de-regulation of petrol," Seth added.

      Maruti Suzuki