Maruti Suzuki India Limited has unveiled its plans to invest a whopping Rs 7,410 crore to establish a third manufacturing facility in Kharkhoda, Haryana.
This ambitious move aims to cater to the growing market demand and increase production capacity for both domestic and export markets.
According to the company, the third plant will produce 250,000 vehicles annually, bringing the total capacity in the region to an impressive 750,000 units by 2029. Maruti Suzuki already operates two plants in Kharkhoda, one of which became operational earlier this year. The investment for this new facility will be funded through internal accruals, reflecting the company’s strong financial stability.
Maruti Suzuki continues to dominate Indian car exports, accounting for about 40% of the country’s total exports as of December 2024. However, the company recently faced a minor setback with its share price dipping 0.75% due to a draft Assessment Order related to FY 2021-22 income tax returns.
This investment aligns with Maruti Suzuki’s commitment to staying ahead in a competitive automotive market, showcasing its determination to meet rising customer demands and reinforce its position as a leader in the industry.
