Domain-B: Maruti Suzuki India said today that it will set up a new manufacturing facility at Mehsana in Gujarat at a cost of Rs4,000 crore. The factory is expected to be up and running by 2015-16. The new plant will be set up in phases, with a capacity of 250,000 units in the first phase. Further expansion will be based on market demand, with a capacity to produce two million units envisaged. Maruti said in a statement that it had ''signed state support agreement (SSA) with the government of Gujarat for purchase of land near Mehsana to set up an all-new manufacturing facility''. The Gujarat government has allocated around 700 acres for the proposed plant, it added. ''This land purchase by the company is in line with long term management view on expansion of its manufacturing facilities in India to meet future market demand,'' Maruti said. Based on demand, the manufacturing facility near Mehsana will be added to the company's existing plants at Gurgaon and Manesar in Haryana, it added. Although widely known as simply Maruti, the company is 54.2 per cent owned by Japan's Suzuki Motor Corp. The company on Friday reported a 5 per cent fall in its monthly vehicles sales for May compared to the same period last year. Source: Domain-B
Thursday, 19 July 2012
Maruti to spend Rs4,000cr on new plant at Mehsana
Domain-B: Maruti Suzuki India said today that it will set up a new manufacturing facility at Mehsana in Gujarat at a cost of Rs4,000 crore. The factory is expected to be up and running by 2015-16. The new plant will be set up in phases, with a capacity of 250,000 units in the first phase. Further expansion will be based on market demand, with a capacity to produce two million units envisaged. Maruti said in a statement that it had ''signed state support agreement (SSA) with the government of Gujarat for purchase of land near Mehsana to set up an all-new manufacturing facility''. The Gujarat government has allocated around 700 acres for the proposed plant, it added. ''This land purchase by the company is in line with long term management view on expansion of its manufacturing facilities in India to meet future market demand,'' Maruti said. Based on demand, the manufacturing facility near Mehsana will be added to the company's existing plants at Gurgaon and Manesar in Haryana, it added. Although widely known as simply Maruti, the company is 54.2 per cent owned by Japan's Suzuki Motor Corp. The company on Friday reported a 5 per cent fall in its monthly vehicles sales for May compared to the same period last year. Source: Domain-B