Maruti Suzuki plans to build new plant in Gujarat: Reports
India's top car maker, Maruti Suzuki , is considering to build a factory in the western state of Gujarat with a production capacity of one million units, local media reported today.autos Updated: Jun 01, 2011 09:55 IST
India's top car maker, Maruti Suzuki , is considering to build a factory in the western state of Gujarat with a production capacity of one million units, local media reported on Wednesday.
Senior management of Maruti Suzuki met with the Gujarat Chief Minister Narendra Modi on Tuesday and expressed interest to set up a manufacturing plant in the state with an initial investment on 60 billion rupees ($1.3 billion), the Economic Times and Business Standard newspapers said.
Maruti Suzuki could not immediately be reached for comment.
Last year, Maurti Managing Director Shinzo Nakanishi said the company was looking to advance its capacity expansion plans to meet booming demand in the fast-growing south Asian country.
The company, 54.2% owned by Japan's Suzuki Motor Corp,said it was building a second unit in the northern state of Haryana to add another production capability of another 250,000 vehicles a year, scheduled for completion by April 2012.
First Published: Jun 01, 2011 09:46 IST