Tag - Maruti Suzuki expansion

Key highlights Maruti Suzuki announces a third manufacturing plant at Kharkhoda, Haryana, with an investment of INR 7,410 crore. The new plant will add 250,000 units annually, taking the Kharkhoda facility's total capacity to 750,000 units by 2029. The company plans a greenfield factory with a capacity of 1 million units annually, location yet to be finalized. Maruti Suzuki, India’s largest car manufacturer, has announced the establishment of a third manufacturing plant at Kharkhoda, Haryana. This strategic move is part of the company’s ambitious plan to meet growing market demand and strengthen its production capabilities. The new plant will involve an investment of INR 7,410 crore and is expected to be operational by 2029. What will be the effect? The Kharkhoda facility currently has one operational plant with an annual capacity of 250,000 units. A second plant, under construction, will double this capacity. The newly announced third plant will add another 250,000 units annually, bringing the total capacity of the Kharkhoda facility to 750,000 units by 2029. Maruti Suzuki greenfield factory Maruti Suzuki is also planning a greenfield factory with a massive annual capacity of 1 million units. While the location for this facility is yet to be finalized, it underscores the company’s commitment to scaling up operations to cater to both domestic and export markets. The new plant will focus on producing a mix of vehicles, including compact cars, SUVs, and electric vehicles, aligning with Maruti Suzuki’s vision of sustainable mobility. The company has emphasized that the plant will incorporate advanced manufacturing technologies to ensure efficiency and environmental sustainability. Maruti Suzuki expansion in production Maruti Suzuki’s expansion comes at a time when the automotive industry is witnessing a surge in demand for electric and hybrid vehicles. The company’s focus on increasing production capacity aligns with its strategy to maintain its leadership position in the Indian market while expanding its footprint globally. Also read: Volkswagen Tiguan R-Line more details revealed ahead of launch