India’s largest selling automobile manufacturer Maruti Suzuki is planning to open a new plant in India apart from two new upcoming plants in Manesar. The company aims to sell 30 lakh units every year by 2015-16.
The internal discussion to set up the 7th plant has already taken place and the final decision is likely to be taken in a year. The new units coming at Manesar has a total investment of Rs. 3,625 Crore. The existing plant at Manesar has capacity of 3.5 lakh units and three units in Gurgaon have combined capacity of 8.5 lakh units annually.
Press Release:
Maruti Suzuki India (MSI) Chairman R C Bhargava –
"By 2015-16, the passenger vehicle market is estimated to be about 5 million units. We would like to maintain our market share to the maximum possible extent and for that we will be selling between 2.5 million units and 3 million units."
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