+
Maruti Suzuki to invest Rs 450 billion, doubling production
ECONOMY & POLICY

Maruti Suzuki to invest Rs 450 billion, doubling production

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code