Maruti Suzuki India Limited (MSIL), the country’s largest passenger car maker, has purchased land to set up its fourth production unit in India. With this initiative, the auto maker is roughly anticipating to two-fold its current annual production capacity, which will amount to somewhere 3 million units.
Reportedly, the auto company has acquired the land in Gujarat, wherein the manufacturing unit will roll out around 7,50,000 units annually. The Chairman of MSIL, R.C. Bhargava said that the company’s fourth unit will kick off the production by the end of 2017 and will facilitate the auto maker to increase its exports to Middle East and Europe.
Maruti, which is controlled by its Japan-based parent company Suzuki Motor Corporation, is titled as the leading manufacturer of small cars in the country. Reportedly, around 2 years back, the auto maker produced every other new car, which was introduced in India.
Interestingly, Maruti Suzuki is also looking ahead to start work at its third plant, which is also based in Gujarat (Mehsana district). The production at this plant is reported to start by the end of 2015. Presently, MSIL has two plants in operations, which are based at Gurgaon and Manesar. Both of these units are helping the company to remain parallel with the demand of domestic buyers and exports as well. However, with new sights for expanding the production capacity indicates that the popularity and demand for MSIL vehicles is not just increasing in the Indian auto market, but also in rest of the world.
