Maruti Suzuki India Starts Groundwork to Set Up Gujarat Facility

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(added few years ago!)

Aiming to grab 6-7 percent sales growth in next fiscal, country’s largest car maker Maruti Suzuki India has started groundwork to establish second plant in the state of Gujarat with an whooping investment of Rs.4,000 crore. As per company officials, Maruti has no plans to enter in to premium car segment; in fact it would rather focus on its small car manufacturer image. Possessing the land at two sites in Gujarat, Maruti will move to second location, only when the capacity of first site happens to be weakening.

On its existing plants in the state of Haryana, Maruti Suzuki India Chairman, R.C.Bhargava said "The company is not going far from the state. Gujarat plant needs to be started just because, capacity of Manesar and Gurgaon facilities are completely being utilised. This year is going to be end with around 6 percent ascend over the previous year. And in the next year, Maruti does not hope for anything better to come due to elections, to be held in this year and hardly expects to grow by 6-7 percent."

Maruti Suzuki India, MSI Managing Director and CEO Shinzo Nakanishi said "Due to European market slow down, company could not do much well in this fiscal. And as there is no idea about the revival of European market; company is now looking in other overseas market to maintain its overseas sales impetus. Furthermore, on setting up assembly operations overseas, he said that in span of next few years, Maruti could set up assembly plants in the market, it is looking for, though at the moment, no such plans are in list to establish overseas assembly plants."

Bhargava said "Maruti could grow in Indian automotive industry because of its small cars, so as of now there are no plans to penetrate into premium car segment and it will try to maintain its small cars manufacturer tag in the country."

Tags : Maruti Suzuki India, Gujarat, Haryana, R.C.Bhargava, Manesar, Gurgaon, Shinzo Nakanishi

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(added few years ago!) / 791 views
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