"Maruti Suzuki India to Invest Rs. 50,000 Crore for Expansion by FY31"

Maruti Suzuki India Limited (MSIL) has announced a substantial investment plan, earmarking over Rs. 50,000 crore to be deployed by 2030-31, with a major chunk of Rs. 45,000 crore designated for doubling its production capacity to an impressive 4 million vehicles annually. This ambitious strategy was revealed by R C Bhargava, Chairman of MSIL.

The infusion of these substantial funds signifies the company's commitment to scaling up its manufacturing capabilities and bolstering its position in the Indian automotive landscape. The significant investment reaffirms Maruti Suzuki's long-term vision and dedication to meet the burgeoning demand in the country's automobile sector.

Chairman R C Bhargava emphasized the strategic importance of this move, stating, "This substantial investment underscores our commitment to India and our determination to remain at the forefront of the automotive industry. Doubling our capacity to 4 million vehicles annually will not only cater to the growing domestic market but also enable us to explore new avenues for expansion."

Maruti Suzuki India Limited, a subsidiary of Japanese automaker Suzuki Motor Corporation, is one of the leading automobile manufacturers in India, with a robust portfolio of popular models. The investment plan aligns with the company's goals of enhancing its production capabilities, addressing the evolving needs of Indian consumers, and contributing to the nation's economic growth.

As the company embarks on this transformative journey, the investment of Rs. 50,000 crore will play a pivotal role in shaping the future of the automotive industry in India. The move is expected to generate significant employment opportunities, boost the local economy, and further strengthen Maruti Suzuki's position as a key player in the Indian automobile sector.

BS