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Maruti Finalises Rs 1700cr Diesel Plant Investment
MarutiSuzuki India (MSI) Chairman R C Bhargava said in a statement, "We are going to invest Rs 1,700 crore to set up the diesel plant, which will be constructed inside our Gurgaon manufacturing facility. This will be a brand new unit and will be owned by the company." "The board has also approved an additional investment of Rs 900 crore to set up various facilities, including testing for emission and safety. This will be over and above the Rs 1,500 crore earlier announced to set up the test track,” he spoke on the R&D centre in Rohtak.
Earlier, it was reported that Maruti Suzuki will decide on setting up a diesel engine unit in its Gurgaon plant within 2 months. The company has been compelled to increase the production of its diesel cars due to high demand in the market. Waiting period for Maruti's popular cars are expected to come down drastically once its diesel plant becomes operational at Gurgaon.
Currently, Maruti Suzuki's diesel engines are sourced from Suzuki Powertrain India Ltd (SPIL) and Fiat India, recently the company had ceased the investments on the plant over uncertainty on diesel policy, pricing and taxing. The demand for diesel cars in the Indian market have increased massively due to the low cost of the subsidised fuel compared to that of petrol. At present, Maruti diesel cars have a long waiting period which differs from cars to cars due to shortage in engine production.
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