Maruti Suzuki to Funnel Rs.38,200 Crore in Gujarat

Maruti Suzuki India, the car market leader, will invest a total of Rs38,200 crore in Gujarat as part of a larger plan to double India's output to 4 million units by FY31.

T Suzuki, representative director and president of Suzuki Motor Corp, stated at the Summit's inaugural event that the Indian automobile market has been steadily expanding. As a result, India has risen to become the world's third largest automobile market.

"We, Suzuki, has also scaled-up production capacity substantially in India, Suzuki said at the Summit. It is noteworthy that as compared to 10 years ago, we expect 1.7 times in vehicle production and 2.6 times in export sales in the current fiscal year. Thanks to Prime Minister, (Mr) Modi's progressive approach and India's growth, we will invest in the future also," he noted.

As part of the plan, the Japanese automaker's local arm will establish a million-unit-per-year capacity plant in Gujarat, the company's second in the state and fifth in the country. Production at the plant is expected to begin in FY29. Maruti will reveal the production and other details later.

Meanwhile, Suzuki Motor Corp. will expand its wholly-owned subsidiary Suzuki Motor Gujarat with a fourth production line. It plans to invest Rs3200 crore in the future to increase production of electric vehicles. The fourth line is scheduled to begin operations in FY2026-27.