Suzuki Motor Corporation, the majority owners of Maruti Suzuki have confirmed that their wholly owned plant in Gujarat will begin operating next year.
The Gujarat plant in which the company is expected to invest Rs. 18,500 crores has not been set up with the help of Maruti-Suzuki but will be used by the Japanese company to supply vehicles and components exclusively to Maruti Suzuki.
Speaking to the media after meeting with Indian Finance Minister Arun Jaitley in Tokyo, Suzuki Motor Corp Chairman Osamu Suzuki said, "As planned, operations will start in 2017. Our plan is going accordingly."
Suzuki's new Gujarat plant is expected to produce 250,000 units per annum once it begins operations in 2017.
Suzuki currently owns 56 percent of Maruti Suzuki which controls nearly half of India's car market. The Japanese carmaker production is expected to cross 2 Million units a year by the year 2022, up from its current production level of 1.4 million units.