Maruti Suzuki planning to set new manufacturing plant in Haryana
Maruti Suzuki is continuing in negotiations with the government about locating the future facility in Haryana. The automaker has been based in the state since its founding in 1983.
Maruti Suzuki is planning a new manufacturing unit after a 15-year hiatus. The country's largest automaker last established a facility at Manesar in 2007. Maruti Suzuki is continuing in negotiations with the government about locating the future facility in Haryana. The automaker has been based in the state since its founding in 1983. According to a report in Moneycontrol, the corporation has boosted its capital expenditure plan for FY22 to Rs 6,700 crore as it invests in new capacity creation. Ajay Seth, Chief Financial Officer, stated that they want to spend Rs 4,500 crore on capital expenditure. He estimated total capital expenditure of Rs 6,700 crore. In the first half, just Rs 1,500 crore was spent. Maruti had intended to decongest the premises of its oldest facility in Gurgaon, which spans 300 acres.
Suzuki Motor Gujarat, a division of Suzuki Motor Company, owns the comparatively modern facility in Gujarat (SMG). The SMG-owned Gujarat facility, which produces the Swift, Baleno, and Dzire, has a yearly manufacturing capacity of 750,000 vehicles. Maruti Suzuki Chairman RC Bhargava recently told PTI that the business has no imminent plans to produce electric vehicles. They want to offer EVs by 2025, as demand for such vehicles is currently low.
The epidemic, however, and the state government's job reservation policy drove the plans to the sidelines. The Gurgaon factory now has a max capacity of 700,000 units per year. Maruti's overall capacity is 1.5-1.55 million units per year, including the Manesar factory, with an annual capacity of 800,000 units.
Meanwhile, the Suzuki Baleno, which is built in India, obtained a terrible zero-star rating in the Latin New Car Assessment Programme crash test. The little hatchback, made at Suzuki's Gujarat plant and shipped to Latin American markets, follows the Swift, which also received a perfect score in the global watchdog's crash test earlier this year. Five stars represent the highest possible score/rating, while zero stars represent the lowest possible score during the vehicle crash test.