Login

Suzuki To Invest Over Rs. 6400 Crore In 2nd Production Line In Gujarat

Japan's Suzuki Motor Corp will invest about 100 billion yen (Rs. 6478 Crore) in a second vehicle production line at its new plant in Gujarat, even before operations have begun.
Calendar-icon

By Reuters

clock-icon

1 mins read

Calendar-icon

Published on November 5, 2016

Follow us on

google-news-icon
Story

Highlights

    Japan's Suzuki Motor Corp will invest about 100 billion yen (Rs. 6478 Crore) in a second vehicle production line at its new plant in Gujarat, even before operations have begun, the Nikkei business daily reported on Friday.

    The second line could debut in early 2019, the report said, and will manufacture the same yearly volume as the first production line, which is slated to debut in 2017. The addition of the production lines are expected to increase Suzuki's manufacturing capacity to 2 million cars a year, the paper said.

    Maruti Suzuki Baleno
    Maruti Suzuki Baleno

    The new factory in Gujarat will manufacture models such as the Baleno hatchback, with vehicles for export also being considered due to Gujarat being a major port, Nikkei said.

    Suzuki's unit, Maruti Suzuki India, had earmarked an investment of about Rs. 18,500 Crore ($2.77 billion) for the Gujarat plan in December last year, to set up six production lines capable of producing 250,000 vehicles each, Reuters reported in December.

    Suzuki Motor said vehicles sales in India, its biggest market, rose 5.2 percent in the April-June period.

    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

    Related Articles

    Latest News

    Popular Maruti Suzuki Models