Maruti Suzuki India has announced a significant expansion of its production capacity, with the board approving an investment of ₹10,189 crore. This investment will facilitate the addition of the first phase of capacity at the Khoraj Industrial Estate, aiming to produce 250,000 vehicles annually by 2029, contingent upon market conditions.
The company’s existing production capacity stands at approximately 24 lakh units per annum across its facilities in Gurugram, Manesar, Kharkhoda, and Hansalpur, with the potential to produce up to 26 lakh units annually. This includes production from the erstwhile Suzuki Motor Gujarat Private Limited, now amalgamated with Maruti Suzuki India.
The expansion at Khoraj Industrial Estate is driven by the anticipated growth in market demand, including exports. The investment will cover the establishment of a car manufacturing plant with an annual capacity of 250,000 units and common infrastructure and facilities for future plants. The project will be financed through internal accruals.
The board meeting, which approved this expansion, commenced at 12:30 p.m. and concluded at 2:15 p.m.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).