New Delhi, March 24 Maruti Suzuki India announced on Tuesday that it will invest ₹10,189 crore to set up a 2.5 lakh production capacity in the first phase at its new manufacturing plant in Gujarat.
The company stated that its board has approved the addition of the first phase of 2.5 lakh vehicles per year in capacity at the Khoraj Industrial Estate manufacturing plant in Gujarat, the country's fifth manufacturing plant for the auto major.
The first phase of capacity at the plant is expected to be added by 2029, subject to market conditions, Maruti Suzuki India said in a regulatory filing.
The first phase involves an investment of ₹10,189 crore and will be funded through internal resources, it added.
"This includes investment for the first phase of the car manufacturing plant, which has an annual manufacturing capacity of 2.5 lakh units, as well as some common infrastructure and facilities for future plants," the auto major stated.
The company's total existing capacity is around 24 lakh units per year in Gurugram, Manesar, Kharkhoda (all in Haryana), and Hansalpur (Gujarat), with a capability to produce 26 lakh units per year.
This also includes the units produced at the former Suzuki Motor Gujarat, which has been merged with the company. The automaker noted that its existing production capacity is fully utilized.
In January this year, the company's board approved a ₹4,960-crore proposal to acquire land and expand its manufacturing capacity in Gujarat.
The board granted approval to acquire land for the expansion of production capacity at the Khoraj Industrial Estate from the Gujarat Industrial Development Corporation.
In 2024, Suzuki Motor Corporation President Toshihiro Suzuki announced that the company's Indian arm, Maruti Suzuki India, would invest ₹35,000 crore to set up its second manufacturing facility in Gujarat with a production capacity of 10 lakh units per year.
Maruti shares were trading up 1.10% at ₹12,489.65 apiece on the BSE.