Maruti Suzuki Management with Haryana Chief Minister Manohar Lal Khattar
Maruti Suzuki has announced that the company has finalised a land site for its new vehicle manufacturing facility in Haryana. The company has been in discussion with the state government for the investment of a new facility as part of the proposed expansion plan. The automaker completed the process of allotment of an 800-acre site at IMT Kharkhoda in the Sonipat district with the Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC).
Also Read: Maruti Suzuki Reports 2% YoY Drop In April 2022 Production; Output Drops 4% Against March 2022
Maruti Suzuki confirmed that the first manufacturing facility at the site will have a production capacity of 250,000 vehicles per annum. It is expected to be commissioned by 2025, subject to administrative approvals. The first phase will see the Indian auto giant invest about ₹ 11,000 crore for building the manufacturing facility. The land site will have space for capacity expansion and will include more production plants in the future, the company said in a regulatory filing.
carandbike understands that the new facility will be utilised towards expanding production capacity for the company’s existing model range and will not be specific to battery electric vehicles. The Gurgaon and Manesar plants will continue to operate at full capacity.
Also Read: Upcoming Maruti Suzuki YFG Compact SUV Spotted Testing In India
Maruti Suzuki has been on a road to recovery with the model introducing updated models back to back this year. The company remained one of the largest hit by the pandemic, supply-chain constraints and the lack of new products during this period. This also led to Maruti Suzuki’s market share shrinking to 41.6 per cent as opposed to well over 50 per cent in the pre-pandemic era. However, the automaker plans to go all aggressive this year with more launches planned that will help revive its market share. Apart from the next-generation Vitara Brezza, the company is also developing a new compact SUV with Toyota that’s also expected to arrive later this year.
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