Maruti Suzuki to invest Rs 450 billion, doubling production
01 Sep 2023
2 Min Read
CW Team
Maruti Suzuki India (MSIL), the nation's leading automaker, has unveiled a bold plan to invest approximately Rs 450 billion to double its annual production capacity over the next eight years. The aim is to achieve an annual production capacity of 4 million units to meet changing market demands.
During the company's 42nd annual general meeting, MSIL Chairman R C Bhargava acknowledged the uncertain and challenging road ahead, citing potential inflation impacts. This investment will add two million cars to the company's annual production capacity.
To execute its 'Maruti 3.0' strategy, the company plans to diversify its powertrain offerings, focusing on electric vehicles, hybrids, compressed natural gas (CNG), and ethanol, aligning with evolving regulatory requirements.
In a significant move, Maruti Suzuki will acquire the entire 100 per cent stake in Suzuki Motor Gujarat, which owns the Gujarat plant, from parent company Suzuki Motor Corporation (SMC), increasing MSIL's share base by approximately 4 per cent.
Under 'Maruti 3.0,' the company aims to double its turnover and introduce 28 different models, including six electric vehicles, by FY31.
Despite a recent decline in Maruti's market share in the Indian passenger vehicle market, Bhargava reassured shareholders that the company's decisions have consistently been in their best interest. Transparent systems, efficient management, and cash reserves have positioned MSIL as a profitable entity with strong financial standing.
The substantial cash reserves, which have grown to around Rs 460 billion, will play a pivotal role in executing the Maruti 3.0 plan, ensuring infrastructure development and support services amid industry challenges.
Bhargava highlighted that the company's robust cash reserves have been instrumental in overcoming crises and reiterated the importance of maintaining such reserves for technology development, engineering advancements, and industry modernisation.
Maruti Suzuki India (MSIL), the nation's leading automaker, has unveiled a bold plan to invest approximately Rs 450 billion to double its annual production capacity over the next eight years. The aim is to achieve an annual production capacity of 4 million units to meet changing market demands.During the company's 42nd annual general meeting, MSIL Chairman R C Bhargava acknowledged the uncertain and challenging road ahead, citing potential inflation impacts. This investment will add two million cars to the company's annual production capacity.To execute its 'Maruti 3.0' strategy, the company plans to diversify its powertrain offerings, focusing on electric vehicles, hybrids, compressed natural gas (CNG), and ethanol, aligning with evolving regulatory requirements.In a significant move, Maruti Suzuki will acquire the entire 100 per cent stake in Suzuki Motor Gujarat, which owns the Gujarat plant, from parent company Suzuki Motor Corporation (SMC), increasing MSIL's share base by approximately 4 per cent.Under 'Maruti 3.0,' the company aims to double its turnover and introduce 28 different models, including six electric vehicles, by FY31.Despite a recent decline in Maruti's market share in the Indian passenger vehicle market, Bhargava reassured shareholders that the company's decisions have consistently been in their best interest. Transparent systems, efficient management, and cash reserves have positioned MSIL as a profitable entity with strong financial standing.The substantial cash reserves, which have grown to around Rs 460 billion, will play a pivotal role in executing the Maruti 3.0 plan, ensuring infrastructure development and support services amid industry challenges.Bhargava highlighted that the company's robust cash reserves have been instrumental in overcoming crises and reiterated the importance of maintaining such reserves for technology development, engineering advancements, and industry modernisation.
Next Story
Atlas Copco Showcases EV Tech at Pune EVolution Days
Atlas Copco Tools and Industrial Assembly Solutions successfully hosted 鈥淓Volution Days鈥� at its cutting-edge Innovation Centre in Bavdhan, Pune鈥攁n event designed to advance next-generation electric vehicle (EV) manufacturing. The showcase brought together over 110 key players from the EV value chain, including OEMs, Tier suppliers, and Line Builders, to explore transformative technologies powering the e-mobility future.Participants experienced live demonstrations of Atlas Copco鈥檚 integrated and sustainable solutions that boost EV production performance through enhanced productivity, qu..
Next Story
Zoomlion Expands African Footprint with New Machinery
Zoomlion Heavy Industry Science & Technology Co., Ltd. unveiled its latest agricultural and engineering machinery solutions customised for the African market at the 4th China-Africa Economic and Trade Expo, held in Changsha, China from 12 to 15 June 2025. The exhibition reinforced the company鈥檚 commitment to Africa鈥檚 development across construction, agriculture, and industrial modernisation.Since entering the African market in 2007, Zoomlion has played a pivotal role in the continent鈥檚 growth, contributing machinery to landmark infrastructure and farming projects. The company showcas..
Next Story
Delhivery Gains Approval to Acquire Majority Stake in Ecom Express
The Competition Commission of India has approved Delhivery Limited's acquisition of at least 99.44 per cent equity and preference shares of Ecom Express Limited on a fully diluted basis.Delhivery Limited, a publicly listed Indian logistics company, will acquire this substantial stake in Ecom Express, an unlisted Indian firm specialising in logistics for the e-commerce sector. Delhivery offers a comprehensive range of logistics services including express parcel and heavy goods delivery, full and part truckload freight, warehousing, supply chain management with software solutions, value-added se..
