Maruti Suzuki will spend Rs 11,000 crore to set up a new manufacturing facility in Haryana, its third in the state and spread over an 800-acre area, as the country’s largest carmaker looks to add a fresh 10 lakh units to its capacity from the location over the coming years.
The company, which currently has an annual installed capacity of 22.5 lakh units across its existing two plants in Haryana (Gurgaon and Manesar) and one in Gujarat (owned by parent Suzuki), will start with an initial capacity of 2.5 lakh units at the new location at IMT Kharkhoda in Sonipat district from 2025. This will thereafter be scaled up to 10 lakh units progressively, as the market expands.
“The first plant with a manufacturing capacity of 2. lakh vehicles per annum is expected to be commissioned in 2025, subject to administrative approvals. In the first phase, the investment will be over Rs 11,000 crore. The site will have space for capacity expansion to include more manufacturing plants in the future,” the company said.
The company, controlled by Japanese Suzuki Motor Corp, said the area of 800 acres will be its biggest ever manufacturing location so far, and added that it has completed the process of allotment with Haryana State Industrial and Infrastructure Development Corporation Limited Maruti and parent Suzuki expect healthy growth in the Indian car market over the coming years, and the fresh investments factor in their bullishness on personal mobility. Rahul Bharti, director (corporate affairs), Maruti Suzuki, said the company hopes to provide direct employment to about 15,000 workers by the time it reaches peak production capacity of 10 lakh units at the new site.