Go Back   Team-BHP > BHP India > The Indian Car Scene

Thread Tools Search this Thread
Old 6th September 2009, 16:28   #1
anmol2k4's Avatar
Join Date: Sep 2008
Location: Gr. Noida Aka Gurrator Naveda
Posts: 193
Thanked: 5 Times
Post Suzuki to spend $215 million on new India factory

Suzuki to spend $215 million on new India factory

TOKYO, Sept 6 (Reuters) - Japan's Suzuki Motor (7269.T) said it plans to invest about 20 billion yen ($215 million) to build a new car factory in India, aiming to upgrade its production facilities in the face of growing competition.

Suzuki, which controls about half the Indian car market through unit Maruti Suzuki India Ltd (MRTI.BO), said late on Saturday that the new facility would come on-line as early as 2011 and have an annual output capacity of about 250,000 cars.

The plant will expand its existing Manesar facility in the state of Haryana, about 50 kilometres (30 miles) from New Dehli.

The investment will not alter Suzuki's annual production capacity of about 1 million cars in the country because it plans to shift about 250,000 units of capacity from its ageing Gurgaon facility to Manesar.

Suzuki Chairman Osamu Suzuki told a briefing on Saturday that the investment would likely come to about 20 billion yen, according to a public relations official.

Suzuki is bracing for tougher competition in the Indian market.

Tata Motors' (TAMO.BO) Nano, the world's cheapest car, hit the roads in July. Toyota Motor Corp (7203.T), Ford Motor Co (F.N), General Motors [GM.UL] and Volkswagen (VOWG.DE) are all set to launch small cars in India next year. [ID:nBOM529815] (Reporting by Yoshifumi Takemoto; Editing by Alex Richardson)
anmol2k4 is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Replacing Tyres 195/60 R15 With 215/75 R15 in Ford Fusion singhisking Modifications & Accessories 14 11th January 2016 22:23
Tyre Recommendation for Sonata Embera (215/60R16) BK2008 Tyre & Alloy wheel Section 16 21st May 2014 00:56
215/40 R19 for SX4 nicolsson Tyre & Alloy wheel Section 3 23rd March 2008 16:25
Is 215 a BIG no for a Lancer? harmon_bro Tyre & Alloy wheel Section 116 30th May 2007 14:31
215 60 R14 on OHC type2 Ford Rocam Tyre & Alloy wheel Section 0 28th March 2006 10:56

All times are GMT +5.5. The time now is 08:45.

Copyright 2000 - 2018, Team-BHP.com
Proudly powered by E2E Networks