Indian auto giant Maruti Suzuki is planning to invest Rs 6,000 crore in the medium term. A part of this investment will be utilized in establishing vehicle stockyards over the period of next two years.
The first stock yard of the company was recently opened in Bangalore with a capacity of parking 2,000 units at a time. The second of such stockyards would be set-up in Nagpur. The company will come-up with two more such stock yards, though locations of these are yet to be decided by the company.
Besides establishing stockyards, about 1,800 crore has already been spent by the company in establishing second manufacturing facility at Manesar. Once the second facility at Manesar gets operational, the company will be setting-up a third unit at the same site with an investment of Rs 1,900 crore.
According to a statement given by Maruti Suzuki Chief General Manager (Marketing) Shanshank Srivastava, to PTI, the company will be utilizing the remaining investment in expanding R&D facility in Rohtak, Brand centers and stock yards. The company plans to set-up 14 brand centers in the country in coming months, though the location of these centers are yet to be decided.
He was speaking at the occasion of the launch of new generation of Maruti’s premium sedan Swift in Indore city. He added that the Swift model currently enjoys a market share of 30 percent in the premium hatchback segment.
