Team-BHP
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Maruti Suzuki is planning to expand its production capacity by 10 lakh units per year by setting up a new manufacturing facility. It will be the brand's fifth factory in India.
According to RC Bhargava, Chairman, Maruti Suzuki, the company expects its export volumes to reach 7.5 lakh units by 2030. That's the present capacity of the Suzuki Gujarat plant. So, looking at the market size for the next 8 years, even if Maruti utilizes the 10 lakh unit capacity of the Kharkhoda plant, the company will still need to produce more vehicles to meet domestic and export demand.
Bhargava stated that the new plant will be expanded in a phased manner depending on the market demand. While the Kharkhoda plant is still under construction, work on the fifth plant will commence simultaneously.
That being said, Maruti is yet to finalize the location of its new manufacturing unit. The company hasn't confirmed the exact amount it plans to invest in the new facility either.
Source:
ET Auto Link to Team-BHP News
Kharkhoda facility of Maruti Suzuki will make 2.5 lakh vehicles annually by 2025 and once fully operational will have a capacity of 10lakh vehicles annually.
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Maruti Suzuki India to invest Rs 1.25 lakh crore till FY2031 to add capacity, increase sales and exports.
Of this volume of 4 million, over 3 million units are planned to be sold in domestic market including sale to other OEM and 750,000-800,000 units are expected to be exported.
By FY 2030-31, the company aims to have about 28 different models ranging from IC-vehicles to EVs.
The carmaker says it expects that 15-20% of cars sold by it in 2030-31 would be EVs. Another 25% could be hybrids and the rest would use ethanol, CNG and possibly CBG (Compressed Bio Gas).
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