Maruti to set up Rs1,700-cr diesel plant
The country’s largest car maker Maruti Suzuki India said on Saturday that it will invest Rs2,600 crore to set up a new diesel plant at its Gurgaon facility and expand R&D activities at Rohtak by 2014.gurgaon Updated: Mar 25, 2012 02:00 IST
The country’s largest car maker Maruti Suzuki India said on Saturday that it will invest Rs2,600 crore to set up a new diesel plant at its Gurgaon facility and expand R&D activities at Rohtak by 2014.
The company’s Board of Directors approved setting up of a diesel plant in Gurgaon at a cost of Rs1,700 crore.
It also allowed the company to ramp up investment by Rs900 crore at its upcoming R&D centre in Rohtak.
“The diesel plant will be constructed inside our Gurgaon manufacturing facility. This brand new unit will be owned by the company,” Maruti Suzuki India (MSI) chairman RC Bhargava told reporters here.
Talking about the R&D centre, Bhargava said: “The board has also approved an additional investment of Rs900 crore to set up various facilities, including testing for emission and safety. This will be over and above the Rs1,500 crore earlier announced to set up the test track.”
The company will build the plant in phases and will start operations by mid-2013 with an initial capacity of 1.5 lakh units a year, he added. Maruti currently sources diesel engines from Suzuki Powertrain India Ltd and Fiat India.
First Published: Mar 25, 2012 01:59 IST