Media365
File picture of car panels welded using robotic machines at the manufacturing plant of Maruti Suzuki in Manesar, Haryana,
| Photo Credit: Reuters
Maruti Suzuki India on Wednesday (March 26, 2025) said its board has approved an investment of ₹7,410 crore to set up a third plant at Kharkhoda in Haryana with a capacity of up to 2.5 lakh vehicles per year.
The existing capacity at Kharkhoda stands at 2.5 lakh units per year. Another plant with a capacity of 2.5 lakh units per year is under construction, Maruti Suzuki said in a regulatory filing.
In its meeting held on Wednesday the Board approved setting up of the third plant at Kharkhoda with a capacity of up to 2.5 lakh vehicles per year, it added.
The investment required is ₹7,410 crore, the company said.
The proposed capacity addition would be up to 2.5 lakh units per year. With this addition, the capacity at Kharkhoda is likely to reach 7.5 lakh units per year and the proposed capacity is to be added by 2029, it said.
The investment will be funded through internal accruals, the company said, adding the rationale behind setting up of the third plant is due to growth in market demand including exports.
Why are too few Indians buying the small car?
The Maruti 800 captured the country’s imagination in the 1980s; words of admiration flowed, noting that for Indian roads and requirements, a car of that size was ideal. It ruled the roost. Other brands like Hyundai’s Santro also enjoyed success. But now, why is the small car segment, once the mainstay of the entire market, struggling to grow in India?
| Video Credit:
The Hindu
Published – March 26, 2025 03:19 pm IST
