Maruti to set up new plant in Gujarat with Rs 35,000 crore investment

Suzuki Motor Corporation (SMC) President Toshihiro Suzuki today revealed that the nation’s biggest carmaker, Maruti Suzuki India, will establish a brand-new plant in Gujarat with an overall financial investment of Rs 35,000 crore.

The statement was made at the Vibrant Gujarat Global Summit 2024.

While the operations at the brand-new plant will begin in FY29, it will reach a yearly production capability of 1,000,000 systems consequently. The overall financial investment of Rs 35,000 crore for this plant does not consist of the land acquisition expense.

Maruti will share information like the area of the brand-new plant and the designs to be produced in due course.

Maruti will develop a 4th production line, which will end up being functional by FY27, at the Suzuki Motor Gujarat (SMG) plant with a financial investment of Rs 3,200 crore to improve the production of electrical automobiles (EVs).

• We ‘d like 2 minutes of your time in order to comprehend you much better. Please take this reader study.

With the 4th line’s conclusion, the SMG center’s yearly production capability will increase from the present 750,000 systems to 1,000,000 systems. Integrated with the brand-new plant in Gujarat, the overall yearly production capability of Maruti in the state will be 2,000,000 systems.

The carmaker has actually currently revealed that it will introduce its first electrical design, the eVX electrical SUV, in FY25.

SMG, which is an entirely owned subsidiary of Maruti, accomplished the production turning point of 3 million systems in December 2023. Maruti’s board of directors just recently authorized the acquisition of SMG from SMC for an overall purchase factor to consider of Rs 12,841.1 crore.

Maruti presently has 2 plants in Haryana that are functional, with one remaining in Manesar and the other in Gurugram. The yearly production capability is 800,000 systems at the Manesar plant and 700,000 systems at the Gurugram plant.

The business’s 3rd plant in Haryana is turning up in Kharkhoda. It will begin operations in 2025 with a yearly production capability of 250,000 systems, with Maruti preparing to improve it to 1,000,000 systems later on.

Maruti is preparing to accomplish a yearly production capability of around 4,000,000 systems in India by FY31 as the need for traveler lorries reaches a record high in the nation.

In a regulative filing, Maruti stated that the brand-new plants in Kharkhoda and Gujarat, and the 4th assembly line at SMG will assist accomplish the turning point of 4,000,000 systems.

“In this ever-growing nation, we will supply a range of sustainable movement alternatives by concentrating on Indian clients,” stated Toshihiro Suzuki.