Maruti Suzuki Management with Chief Minister of Haryana Manohar Lal Khattar
Maruti Suzuki has announced that the company has finalized land for its new vehicle manufacturing plant in Haryana. The company is in discussions with the state government for investment in a new facility under the proposed expansion plan. The automaker has completed the process of allocating an 800-acre site at IMT Kharkhoda in Sonipat district with the Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC).
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Maruti Suzuki has confirmed that the site’s first manufacturing plant will have a production capacity of 250,000 vehicles per year. It should be commissioned by 2025, subject to administrative authorizations. The first phase will see the Indian auto giant invest around ₹11,000 crore for the construction of the manufacturing plant. The land site will have space for capacity expansion and will include more production plants in the future, the company said in a regulatory filing.
TAUT understands that the new facility will be used to increase the production capacity of the company’s existing model range and will not be specific to battery electric vehicles. The Gurgaon and Manesar factories will continue to operate at full capacity.
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Maruti Suzuki is on the road to recovery with the model introducing updated models consecutively this year. The company remained one of the hardest hit by the pandemic, supply chain constraints and lack of new products during this time. It also led to Maruti Suzuki’s market share shrinking to 41.6% from well over 50% in the pre-pandemic era. However, the automaker plans to be quite aggressive this year with other planned launches that will help revive its market share. Along with the next-generation Vitara Brezza, the company is also developing a new compact SUV with Toyota which is also expected to arrive later this year.
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