| | Maruti Suzuki to establish new plant at Manesar | | | | New Delhi, September 07, 2010 | | | Fresh investment of Rs 1,925 Cr to take annual production capacity to 1.75 million units | | | 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: | | |  | Annual Capacity at Maruti Suzuki Gurgaon is: 850,000 units | | | | Annual Capacity at Maruti Suzuki Manesar is: 350,000 units | | | | Total capacity : 12,00,000 units (1.2 million units) | | | | To keep pace with growth (which has been as high as 27% in this fiscal), Maruti Suzuki needs more capacity | | | | | Capacity announcements (subject to Board approval) | | | | Maruti Suzuki will establish "Plant C" at Manesar. | | | | | |  | Plant C will be constructed concurrently with the Plant B at Manesar. | | | | Plant C to have an installed capacity of 250,000 units per annum. | | | | Plant C is likely to be ready by end of fiscal 2012 / early 2013 | | | | | | | | | 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 | | | | | | | | Plush two-tone interiors and an all-new 3-spoke steering wheel. These are aided by | | | | | | | Present facilities : 12,00,000 units per annum | | | | Plant B (Manesar) : 2,50,000 units per annum by Jan 2012 | | | | Plant C (Manesar) : 2,50,000 units per annum likely in fiscal 2012-13 | | | | | | Total Capacity: 17,50,000 units per annum by end of fiscal 2012-13 (including productivity enhancements)
Investment update (subject to Board approval) | | | | | | | 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. | | | | | | | Medium term investment: Rs 6,000 Crores (or $ 1.3 billion) during the period 2010-2013. | | | | | | | Rs 1700 Cr (Manesar plant B) announced earlier in March 2010 | | | | Rs 2500 Cr (Engine plant & R&D) announced earlier in March 2010 | | | | Rs 1925 Cr (Manesar plant C) announced at AGM-2010 (7 Sept 2010) | | | | | | | Other projects to be undertaken in Medium term: | | | | | | | Commence construction of test course at R&D Centre at Rohtak | | | | We would also look at constructing Regional Offices at 16 locations. | | | | SMC and MSIL will have an integrated approach towards these developments. | | | | The timelines for all these projects will be evolved post board approval. | | | | | | | | | |