Maruti mulls seventh plant, aims to sell 3.0 million units by 2015-16
FE Team | Published: April 18, 2011 00:00:00 | Updated: February 01, 2018 00:00:00
NEW DELHI, April 17 (The Economic Times): The country's largest car maker Maruti Suzuki India is considering to set up a new plant, over and above the two new upcoming units in Manesar, as it aims to sell up to 3.0 million units every year by 2015-16.
According to sources close to the development, the firm has already started internal discussions to set up its 7th plant and a final decision to this effect is likely to be taken within the next one year.
At present MSI is setting up two new units inside its Manesar facility at a total investment of Rs 36.25 billion. While the existing plant in Manesar can produce 0.35 million units annually, its three units in Gurgaon have a combined annual capacity of 0.85 million units.
Sources said the new plant could be either at the Manesar facility or elsewhere depending on the infrastructure situation once the two new units there are completed.
When contacted, Maruti Suzuki India (MSI) Chairman R C Bhargava said: "By 2015-16, the passenger vehicle market is estimated to be about 5 million units. We would like to maintain our market share to the maximum possible extent and for that we will be selling between 2.5 million units and 3 million units."
He, however, declined to comment on whether the company will be adding new capacities to meet the demand by then.
"If we run out of capacities, then we will have to look for something else. But it all depends on how the existing and upcoming capacities will be utilised, which will go on till 2013," Bhargava said.
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