Maruti Suzuki to invest ₹35,000 crore in Gujarat factory to churn out 1 million cars each year

In his address, T Suzuki, representative director and president of Suzuki Motor Corp, said: "Compared to 10 years ago, we expect 1.7 times in vehicle production and 2.6 times in export sales in the current fiscal." The company will set up a one million unit per annum capacity plant in Gujarat, second in the state and fifth in the country. This will entail an investment of ₹35,000 crore. Production is likely to start in FY29.

from Auto-Industry-Economic Times https://ift.tt/FEiC1M8