India's largest automaker, Maruti Suzuki, will invest around INR 4,000 crores in the next two to three years in the company's key areas like R&D, product development and marketing infrastructure.
CV Raman, the Executive Director-Engineering for Maruti said that the company will focus more to bring out models with automatic gear shift technology.
"Currently Rs 4,000 crore worth of investments are going into research and development, product development and marketing infrastructure over period of two to three years."
"We will be improving our R&D capability. We are setting up test labs and other facilities. Marketing infrastructure such as setting up stockyards will be created," he said during the launch of the Alto K10.
"Currently, roughly about 4,000 vehicles are being produced per month with AGS technology and going forward will ramp up this number. We feel that the two pedal technology is very relevant now. Obviously the auto gear models would increase the volume."
The production for auto gear models is being increased to keep up with market demand.
The Director for Engineering said that there could be a boost in sales for diesel powered vehicles after the drop in prices.
Maruti Suzuki India Limited (MSIL), is working on a new SUV, named XA Alpha, which could debut next year.