Maruti Suzuki India Limited announced that it plans to go ahead with its expansion plans and does not intend to cut down its production in India. The company plans to increase its production capacity at its Manesar plant in Haryana to three lakh units by end-January 2009.
"We are not seeking any production cut and have no plans to change production schedule in January. The sales have gone up in December, 2008 as compared to the previous month owing to excise cut and reduction in petrol prices," MSIL's Managing Director and CEO, Shinzo Nakanishi told media.
Nakanishi also stated that the company had committed to invest Rs. 9000 crores in India out of which it has already invested Rs. 6000 crores. The company has already re-started its exports to Europe by dispatching the first batch of its newly launched car, A-Star, from the Mundra port in Gujarat. The company has ambitious plans for exports and hopes to export 1,50,000 cars in FY 10-11, Nakanishi said. MSIL is India’s largest car manufacturer in India and holds more than 50 percent market share of the Indian auto market.