Maruti eyes expansion to defend 50pc share
Thursday, 7 January 2010
MUMBAI, Jan 6 (Business Standard): Car market leader Maruti Suzuki said at the Auto Expo today that it aimed to jack up its total output by 50 per cent to 1.5 million units in five years.
The strategy is for defending its market share in India, where almost one in two cars sold is a Maruti.
The company plans to double the annual production capacity at its Manesar plant to 600,000 units, which will entail further investments by the company.
Meanwhile, the capacity at the older Gurgaon plant is being increased to 70,000-80,000 units, with an additional investment of Rs 1.3 billion. The company had expanded the capacity of this plant to 700,000 units earlier.
The strategy is for defending its market share in India, where almost one in two cars sold is a Maruti.
The company plans to double the annual production capacity at its Manesar plant to 600,000 units, which will entail further investments by the company.
Meanwhile, the capacity at the older Gurgaon plant is being increased to 70,000-80,000 units, with an additional investment of Rs 1.3 billion. The company had expanded the capacity of this plant to 700,000 units earlier.