Maruti Suzuki plans to double capacity by 2030

Maruti Suzuki is planning to double its production capacity to four million vehicles per year by the end of the decade, with an investment of more than $5.5bn. This will increase local market share and boost exports by commissioning eight assembly lines with an annual capacity of 250,000 units each across two new facilities, with construction having started for the first unit at Kharkhoda in Haryana. One million of the units planned will come from exports and OEM sales with the remaining capacity planned to enable Maruti Suzuki to get back to 50% market share, up from 41% last fiscal year.

from Auto-Industry-Economic Times https://ift.tt/Qwxmeay