Source Reuters
Maruti Suzuki India Ltd on Friday announced plans to invest $3.9 billion in setting up a new manufacturing plant in India, underscoring the company’s long-term commitment to the country’s rapidly growing automobile market.
The proposed plant is expected to significantly boost Maruti Suzuki’s production capacity and support its future growth plans, particularly in small cars, utility vehicles, and emerging segments. The investment will be made in phases and will cover land acquisition, plant construction, machinery, and supporting infrastructure.
Company officials said the new facility will help Maruti Suzuki meet rising domestic demand and strengthen its export capabilities. India remains a key manufacturing hub for the automaker, both for the local market and for overseas shipments to regions such as Africa, Latin America, and the Middle East.
The project is also expected to generate substantial employment opportunities, both directly at the plant and indirectly through ancillary industries and suppliers. State governments are reportedly in discussions with the company to host the new facility, offering incentives and infrastructure support.
Maruti Suzuki, a subsidiary of Japan’s Suzuki Motor Corporation, is India’s largest carmaker by sales. The latest investment comes at a time when the Indian automobile industry is witnessing a recovery in demand and increasing interest in cleaner and more fuel-efficient vehicles.
Industry experts view the announcement as a strong vote of confidence in India’s manufacturing ecosystem and its position as one of the world’s fastest-growing automotive markets.
