CORPORATE

Maruti unveils Rs 10,189-crore expansion plan with a new plant in Gujarat

Maruti Suzuki India has said that its board has approved a capacity expansion plan at its upcoming facility in Gujarat. The expansion plan will involve an investment of Rs 10,189 crore to support future growth in domestic and export markets.
In a stock exchange filing, the company has said that it will add a first-phase production capacity of 2.5 lakh vehicles per annum at the Khoraj Industrial Estate. The capacity is expected to be operational by 2029, subject to market conditions.
The investment will cover the construction of a new car manufacturing plant – the fifth plant – along with common infrastructure and facilities that can support additional future expansions at the site.
Maruti Suzuki has added that the expansion will be funded through internal accruals and is aimed at addressing rising market demand, including export opportunities.
The company currently has a total installed production capacity of around 24 lakh units per annum across its four facilities in Gurugram, Manesar, Kharkhoda and Hansalpur, with a maximum capacity of 26 lakh units annually. This includes production from the erstwhile Suzuki Motor Gujarat plant, which has since been merged with the company.
It has said that its existing capacity is currently fully utilised, underscoring the need for further expansion.

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