Maruti Suzuki to invest Rs. 18,000 crore in new factory

The new factory is being built as a replacement for the Gurgaon plant.

Maruti Suzuki - India's largest carmaker by volume, plans to set up a new manufacturing facility in Haryana. The company has earmarked Rs. 18,000 crore for this project.

The factory will be spread over 700-1,000 acres and is expected to have a production capacity of 7.5 lakh to 10 lakh units per annum.

The new factory is being built as a replacement for the Gurgaon plant. The latter is spread over 300 acres and is facing space constraints. The facility is located in the heart of the city and is surrounded by residential areas.

Maruti Suzuki had hoped to get the new factory up and running as quickly as possible, but the plan was delayed due to the outbreak of the coronavirus pandemic.

Source: ET Auto