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Maruti Suzuki to set up new plant in Haryana, invest ₹11,000 cr in first phase

By Livemint
The logo of Maruti Suzuki India Limited is pictured on a car parked outside a showroom in New Delhi, India, February 29, 2016. REUTERS/Anindito Mukherjee (Reuters)

The company completed today, the process of allotment of an 800 acres site at IMT Kharkhoda in district Sonipat with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Ltd), an official statement said.

The first plant with a manufacturing capacity of 250,000 vehicles per annum is expected to be commissioned within the year 2025 subject to administrative approvals.

The site will also have space for capacity expansion to include more manufacturing plants in the future.

At present, Maruti has a cumulative production capacity of around 5.5 lakh units per quarter or about 22 lakh units per annum across its manufacturing plants in Haryana and Gujarat.

Maruti Suzuki recently reported better-than-expected quarterly income as higher vehicle prices countered rising input costs. Net income jumped 57% to 1,840 crore ($240.9 million) for the three months ended March 31, versus 1,170 crore a year earlier.

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Dive Deeper:
Maruti Suzuki finalises site for new manufacturing facility in Haryana; to invest Rs 11,000 crore in first phase
NEW DELHI: The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in…
Maruti Suzuki commits ₹11000 cr for new manufacturing facility in Sonipat
The carmaker completed the land allotment process today for an 800 acres plot in Kharkhoda in Haryana's Sonipat district.
Suzuki Motorcycle proposes new manufacturing facility in Haryana
Suzuki Motorcycles sold 71,987 units in April, 7.5% lower than units sold last year
‘Haryana's Kharkhoda unit to produce 1st Maruti in 2025’
CHANDIGARH: Haryana deputy chief minister Dushyant Chautala claimed on Sunday that even in adverse circumstances of Covid-19 pandemic, the state…
One subscription that gives you access to news from hundreds of sites
Maruti Suzuki to set up new car manufacturing facility in Haryana at an estimated cost of ₹18,000 crore
The total project cost is estimated to be ₹1,466 crore, with a potential to generate employment for 2,000 skilled, unskilled…
Ather Energy raises $128 million from NIIF, Hero MotoCorp
However, even after this latest fundraise round, Ather Energy's valuations are still shy of $1 billion.
Get all your news in one place