Maruti Suzuki India along with vendors, could invest up to Rs 18,000 crore in Gujarat as it looks to produce about 20 lakh units in the long run in the state. MSI is looking at a phased manner of starting car production in the state. First phase of production would be of capacity of one million cars, which would take approximately five years to install. At current cost, that would entail an investment of Rs 6,000 crore.
In the second phase, if the market continues to grow and there is scope for further expansion, the firm would do another million cars with corresponding investments. The company has not finalized plans yet to set up its manufacturing base in the state.
MSI has zeroed in on a location near Sanand out of three offerings -- Sanand, Halol and Dholera. Another main reason for exploring Gujarat as an option is due to the close proximity to the Mundra port that will help save logistics cost while exporting. If MSI decides to set up shop in Gujarat, then the unit will be the company's 7th production plant and its biggest ever investment outside Haryana. While the existing plant in Manesar can produce 3.5 lakh units annually, its three units in Gurgaon have a combined annual capacity of 8.5 lakh units. At present MSI, which is 54.2 per cent owned by Suzuki Motor Corp , is setting up two new units with an annual installed capacity of 2.5 lakh units each inside its Manesar facility at a total investment of Rs 3,625 crore.
Once the new units in Manesar become operational by 2012-13, the company's total production capacity will go up to 17 lakh units annually from 12 lakh units per year at present. Besides fresh investment at Manesar, MSI is investing Rs 2,500 crore for its K-series engine plant and setting up a dedicated R&D facility at Rohtak.
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| Company Name | CMP |
|---|---|
| Maruti Suzuki | 10935.30 |
| Mahindra & Mahindra | 2939.00 |
| Hyundai Motor India | 1779.55 |
| Mercury Metals | 88.80 |
| Hindustan Motors | 28.30 |
| View more.. | |
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