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|26th May 2016, 00:25||#1|
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Maruti-Suzuki to invest Rs 1,760 crores on new product development
Never one to rest on their laurels, the country's leading car major, Maruti-Suzuki India Limited, has disclosed at a recent investors' call that it has set aside 40% of it's massive (proposed) Rs 4,400-crore capex of this fiscal year towards new product development and strengthening it's Research & Development of platforms, engines and products.
This will help Maruti-Suzuki to build better cars that are not only more fuel efficient, but much more safer and advanced.
A big part of this future development will come from MSIL's upcoming R&D and testing facility at Rohtak, Haryana, which is being developed at a cost of Rs 2,000 crores. This new R&D facility is expected to be up and running within the next 2 years and will include a world-class test track for the company to test their upcoming cars under all possible conditions.
Parent company Suzuki has already announced it's commitment of developing 20 all-new car models by 2020, out of which 15 car models are expected to be launched in India. All this is over and above the facelifted, refreshed, and upgraded versions of their existing fleet of cars.
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Last edited by RavenAvi : 26th May 2016 at 00:33.
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