The country’s largest carmaker Maruti Suzuki is understood to have considering setting up a third plant at its Manesar unit that can entail an investment of about Rs1,700 crore. According to sources, the company is mulling an additional plant that will have an annual capacity of rolling out 2.5 lakh units per year. At present, the company is investing a similar amount of Rs1,700 crore to increase the capacity at its Manesar plant by 2.5 lakh units that will be operational by 2012. The third plant at Manesar is likely to have almost the same investment and capacity like the second one.
Maruti Suzuki India’s Manesar plant has annual production capacity of three lakh units, while the Gurgaon plant produces seven lakh units per annum.
Recently the company’s managing director and CEO Shinzo Nakanishi had stated that the Indian car market is likely to double to five million units by 2015 and the company needs to be prepared to meet the growing demand in order to maintain its leadership position.
crackcrackCompany Name | CMP |
---|---|
Maruti Suzuki | 10904.75 |
Mahindra & Mahindra | 2906.40 |
Hyundai Motor India | 1764.75 |
Mercury Metals | 88.11 |
Hindustan Motors | 25.10 |
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