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Maruti To Invest Rs.3000 Crore In New Products
The company is at present investing about Rs 4,000 crore in this fiscal primarily on setting new assembly lines inside its Manesar facility, marketing, R&D and new model launches.
Maruti Suzuki India (MSI) Chief Financial Officer Ajay Seth while speaking about Maruti Suzuki's investment plans said: “For next fiscal, our capex plan is about Rs.3,000 crore. We will invest on expanding capacities, new model launches, marketing activities and R&D."
Maruti Suzuki which has two plants in Gurgaon and Manesar is also looking to build another plant in Gujarat. The carmaker wants to increase production capacity by 2.5 lakh units at its two plants which will require an investment of Rs.3650 crores. Maruti Suzuki is also investing heavily for its K-Series engine plant.
Maruti Suzuki's new models will begin with the all new Swift hatch back. It is expected that the carmaker will soon launch the RIII MPV. We had earlier reported that Maruti Suzuki was also developing a new Maruti 800. Further there have been several reports of the carmaker launching the Cervo small car as a replacement of the current Maruti 800.
Maruti Suzuki will also increase the production of its diesel cars to 2.9 lakh units in response to increased demand for diesel cars in India. The company currently sell diesel variants of the Ritz Swift hatchbacks and the DZire and SX4 sedans.
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