Maruti Suzuki India Ltd. the nation’s biggest carmaker will boost their production capacity to 46 percent on the surging demand in Asia’s third-largest car market.
Osamu Suzuki the chairman and CEO of parent Suzuki Motor Corporation said: “Maruti Suzuki will be able to make as many as 1.75 million vehicles for every year after constructing a new factory at Manesar.” Maruti Suzuki can now build as many as 1.2 million vehicles a year.
Osamu Suzuki the chairman and CEO of parent Suzuki Motor Corporation said: “Maruti Suzuki will be able to make as many as 1.75 million vehicles for every year after constructing a new factory at Manesar.” Maruti Suzuki can now build as many as 1.2 million vehicles a year.
The car makers planned to spend $416 million to build a factory in Manesar, Suzuki said: “as economic growth stokes the demand in a nation where industry wide sales may double in 2015”. Ford Motor Co. and Volkswagen AG are also building plants and introducing new models in India.The company’s four existing plants in India now have a total installed capacity of one million vehicles a year. The car maker is spending up to 17 billion rupees on its current expansion and it is to be completed by 2012. The new plant will begin the output by mid-2013, a spokesman at Suzuki Motor, said yesterday.
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