Saar: The carmaker is tipped to buy a 1,400-acre piece of land at Sohna, Haryana, and invest at least Rs 9,000 crore to add assembly lines close to its existing plant in Hansalpur, Gujarat.
It was in May this year when we first reported that Maruti Suzuki is planning to build its fourth manufacturing plant in India and is expected to officially announce the developed in the middle of next decade. Along with that report, we also mentioned that before the company concentrates on the fourth facility, it will first ramp-up production in Gujarat to double the state-wise production count to 15 lakh units per annum.
Now, we have some investment figures at hand, thanks to a media report. The Swift-maker has reportedly parked at least Rs 9,000 crore for investment to increase its production in the western state. The funds will be used to developed additional assembly lines close to the company’s existing plant in Hansalpur, Gujarat. As we reported earlier, the process of setting up the assembly lines will only get added by next year and the rest will follow soon. The additional lines will help Maruti Suzuki meet its target of selling 30 lakh cars in the year 2025.
Another media report suggests that Maruti Suzuki is tipped to purchase a 1,400-acre piece of land at Sohna, Haryana. The said land was originally part of the 1,700 acres reserved by HSIIDC (Haryana State Industrial and Infrastructure Development Corporation) to establish a new industrial township. If Maruti Suzuki goes ahead with the deal, the Sohna facility will become its largest operational workspace in the state. In comparison, Maruti Suzuki’s facilities in Gurugram and Manesar are spread across 300 acres and 600 acres respectively. In short, the area in Sohna will be nearly five times the size of Maruti Suzuki’s first plant in India.
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Maruti Suzuki is targeting to sell 50 lakh vehicles per annum by the end of next decade. A smooth and quick establishment of its facilities, not just production plants but also dealerships, will be vital in achieving the goal. The company will be investing over Rs 20,000 crore in the next few years to expand its footprint in the country and strengthen the local research and development.
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