Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Maruti Suzuki has announced plans to add up to one million units of annual production capacity after acquiring land worth around USD 550 million, strengthening its manufacturing footprint in India. The expansion comes as domestic auto demand remains strong, with the country's largest carmaker reporting a backlog of about six weeks for entry-level models and record dealer sales in December. The move aligns with parent Suzuki Motor's broader USD 8 billion investment plan in India over the next five to six years. India will also serve as Suzuki's global hub for electric vehicle production, supporting exports to nearly 100 markets worldwide.
Indian automaker Maruti Suzuki recently disclosed its plans to add up to 1 million units of annual production capacity after buying land worth about $550 million, expanding manufacturing to meet rising domestic auto demand. Advertisement
The country's top carmaker by sales has an order backlog of about one-and-a-half months for its entry-level models, its marketing and sales head Partho Banerjee said on January 1. The company had also said then that its sales to domestic dealers were up 37% in December to a record 178,646 units.
The planned expansion follows Suzuki Motor's announcement in August of an $8 billion investment in India over the next five to six years, alongside the start of commercial production of the mid-sized e Vitara SUV at its Gujarat plant.
Through its majority stake in Maruti Suzuki, Suzuki Motor already produces 17 models in India for export to about 100 countries, including Japan. India will also become the global production hub for the company's electric cars.
Source: Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
