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Maruti finalizes site for new plant, here to make 2.5 lakh cars per year

May 13, 2022
Bharat Times



Expansion
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Maruti Suzuki Management with Haryana Chief Minister Manohar Lal Khattar

Maruti Suzuki has announced that the company has finalized a land site for its new vehicle manufacturing facility in Haryana. The company is in discussion with the state government to invest in a new facility under the proposed expansion plan. The automaker completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with the Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC).

Read also: Maruti Suzuki reports a decline of 2% in production in April 2022; 4% decline in production compared to March 2022

maruti suzuki Confirmed that the first manufacturing facility on site will have a production capacity of 250,000 vehicles per year. It is expected to be operational by 2025 subject to administrative approval. In the first phase, the Indian auto giant will invest around Rs 11,000 crore to build the manufacturing facility. The land site will have room for capacity expansion and include more production plants in the future, the company said in a regulatory filing.

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The last major launch from Maruti Suzuki was the XL6 facelift. The company has several launches planned in the second half of the year.

carandbike understands that the new facility will be used to expand production capacity for the company’s existing model range and will not be exclusive to battery electric vehicles. The Gurgaon and Manesar plants will continue to operate at full capacity.

Read also: Upcoming Maruti Suzuki YFG Compact SUV Spotted Testing in India

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Maruti Suzuki is on a recovery path this year with the model offering back to back updated models. The company was one of the biggest hit by the pandemic, supply-chain bottlenecks and lack of new products during this period. Due to this, Maruti Suzuki’s market share came down to 41.6 per cent, from over 50 per cent in the pre-pandemic era. However, the automaker plans to go aggressive this year with more launches that will help revive its market share. Apart from the next-gen Vitara Brezza, the company is also developing a new compact SUV with Toyota, which is expected to arrive later this year.

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