Maruti Suzuki to invest Rs 450 billion, doubling production

01 Sep 2023 CW Team

Maruti Suzuki India (MSIL), the nation's leading automaker, has unveiled a bold plan to invest approximately Rs 450 billion to double its annual production capacity over the next eight years. The aim is to achieve an annual production capacity of 4 million units to meet changing market demands.

During the company's 42nd annual general meeting, MSIL Chairman R C Bhargava acknowledged the uncertain and challenging road ahead, citing potential inflation impacts. This investment will add two million cars to the company's annual production capacity.

To execute its 'Maruti 3.0' strategy, the company plans to diversify its powertrain offerings, focusing on electric vehicles, hybrids, compressed natural gas (CNG), and ethanol, aligning with evolving regulatory requirements.

In a significant move, Maruti Suzuki will acquire the entire 100 per cent stake in Suzuki Motor Gujarat, which owns the Gujarat plant, from parent company Suzuki Motor Corporation (SMC), increasing MSIL's share base by approximately 4 per cent.

Under 'Maruti 3.0,' the company aims to double its turnover and introduce 28 different models, including six electric vehicles, by FY31.

Despite a recent decline in Maruti's market share in the Indian passenger vehicle market, Bhargava reassured shareholders that the company's decisions have consistently been in their best interest. Transparent systems, efficient management, and cash reserves have positioned MSIL as a profitable entity with strong financial standing.

The substantial cash reserves, which have grown to around Rs 460 billion, will play a pivotal role in executing the Maruti 3.0 plan, ensuring infrastructure development and support services amid industry challenges.

Bhargava highlighted that the company's robust cash reserves have been instrumental in overcoming crises and reiterated the importance of maintaining such reserves for technology development, engineering advancements, and industry modernisation.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..