Suzuki to Invest INR 101.9 Billion in Second Gujarat Plant, Start Production by 2029
Maruti Suzuki India Ltd., a subsidiary of Suzuki Motor Corporation, announced a INR 101.9 billion investment for the first production line of its second automobile plant in Gujarat, aiming to commence operations by 2029.
101.9 billion rupees
250,000 units
49.6 billion rupees
What Happened
Maruti Suzuki India Ltd., a subsidiary of Suzuki Motor Corporation, has announced the investment amount and commencement timing for the first production line of its second automobile plant in Gujarat, India. The new plant, located in Sanand, will have an annual production capacity of 250,000 units, with the first line planned to start operations by 2029. The investment of 101.9 billion rupees includes plant buildings, production equipment, and common infrastructure.
101.9 billion rupeesINR
Includes plant buildings, production equipment and common infrastructure.
Basic agreement with Gujarat for second plant
Land acquisition announced
Investment and commencement timing announced
First production line to start operations
Why this matters
The new plant will boost Suzuki's production capacity in India by 250,000 units annually, supporting domestic market growth and exports as part of the 'Make in India' initiative.
Terms in This Story
- Make in India
- A national initiative by the Indian government to encourage domestic manufacturing and boost exports.
Summarised from the linked release; details can be imperfect — always verify against the original source.