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Maruti Suzuki to establish new plant at Manesar |
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| New Delhi, September 07, 2010 |
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| Fresh investment of Rs 1,925 Cr to take annual production capacity to 1.75 million units |
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India's leading car maker Maruti Suzuki India Limited (MSIL) today held its 29th Annual General Meeting here today. At the meeting Mr. O Suzuki, Chairman and CEO, Suzuki Motor Corporation, Japan, (majority stakeholder in MSIL), made wide ranging announcements.
Following points are for your reference:
Outline on current production capacity: |
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Annual Capacity at Maruti Suzuki Gurgaon is: 850,000 units |
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Annual Capacity at Maruti Suzuki Manesar is: 350,000 units |
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Total capacity : 12,00,000 units (1.2 million units) |
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To keep pace with growth (which has been as high as 27% in this fiscal), Maruti Suzuki needs more capacity |
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| Capacity announcements (subject to Board approval) |
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Maruti Suzuki will establish "Plant C" at Manesar. |
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Plant C will be constructed concurrently with the Plant B at Manesar. |
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Plant C to have an installed capacity of 250,000 units per annum. |
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Plant C is likely to be ready by end of fiscal 2012 / early 2013 |
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Plant B (announced earlier in Feb2010) at Manesar, will be ready by Jan 2012 and will bring an additional capacity of 250,000 units per annum |
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Plush two-tone interiors and an all-new 3-spoke steering wheel. These are aided by |
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Present facilities : 12,00,000 units per annum |
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Plant B (Manesar) : 2,50,000 units per annum by Jan 2012 |
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Plant C (Manesar) : 2,50,000 units per annum likely in fiscal 2012-13 |
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Total Capacity: 17,50,000 units per annum by end of fiscal 2012-13 (including productivity enhancements)
Investment update (subject to Board approval) |
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The investment to construct Plant C at Manesar is estimated at 35 Billion Japanese Yen (approx Rs. 1,925 crores @ Yen 1= 0.55 Rs). This investment will be funded by internal accruals of Maruti Suzuki. |
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| Medium term investment: Rs 6,000 Crores (or $ 1.3 billion) during the period 2010-2013. |
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Rs 1700 Cr (Manesar plant B) announced earlier in March 2010 |
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Rs 2500 Cr (Engine plant & R&D) announced earlier in March 2010 |
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Rs 1925 Cr (Manesar plant C) announced at AGM-2010 (7 Sept 2010) |
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| Other projects to be undertaken in Medium term: |
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Commence construction of test course at R&D Centre at Rohtak |
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We would also look at constructing Regional Offices at 16 locations. |
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SMC and MSIL will have an integrated approach towards these developments. |
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The timelines for all these projects will be evolved post board approval. |
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