Maruti Suzuki intends to establish a car factory in Gujarat. With an expenditure of Rs 24,000 crore, the business intends to increase its capacity to 10 lakh automobiles per year.
According to high-level sources, Maruti has settled on four Gujarat locations: Kutch, Dholera SIR, Hansalpur, and Becharaji. Maruti personnel have visited all four sites, and the business is likely to choose one of them.
According to the sources, the new facility would be built in a region with adequate port connectivity so that export commitments can be easily met.
Suzuki Motor Corporation struck an agreement in March of last year to manufacture electric vehicles and batteries in Gujarat. Becharaji has received a Rs 10,444 crore investment from the corporation. The Memorandum of Understanding was signed in the presence of Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida.
The proposed new site will be the company’s sixth production plant, following two in Haryana — Manesar and Gurugram — as well as an upcoming plant in Kharkhoda (Haryana) and Suzuki’s plant in Becharaji (Gujarat). In the next eight years, the Kharkhoda facility will attain its full production capacity of 10 lakh units.