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Maruti Suzuki India inks SSA with Gujarat Government for purchase of land

Maruti Suzuki India Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 532500 | NSE: MARUTI

04 Jun 2012 Evaluate

The country’s largest carmaker, Maruti Suzuki India (MSI) has signed state support agreement (SSA) with the Government of Gujarat for purchase of land near Mehsana to set up an all new manufacturing facility. The agreement was signed by Managing Director and CEO of the company and Principal Secretary (Industry and Mines), Government of Gujarat in the presence of Gujarat Chief Minister.

The new infrastructure in Gujarat will be a complete vehicle manufacturing facility. For this, the Gujarat Government has allocated around 700 acres land to the company. This land purchase by the company is in line with long term management view on expansion of its manufacturing facilities in India to meet future market demand.

Based on the market demand the manufacturing facility near Mehsana will be added to the company's existing manufacturing facilities at Gurgaon and Manesar in Haryana. This new facility will take Maruti Suzuki's combined manufacturing capability to 2 million units by 2015-16.

Besides, the company estimates to generate direct employment for over 2000 people at the Gujarat facility. In addition, the ancillary units in the vicinity and supplier park will generate additional employment opportunities. In addition to Maruti Suzuki, the company's vendors and ancillary suppliers are expected to invest in Gujarat at matching levels.

Maruti Suzuki Gujarat plant will be located around 100 km from Ahmedabad. The new facility is around 300 km from Mundra port and hence would be well suited for the company’s exports initiatives. Maruti Suzuki will also continue to increase its production at Manesar facility, where a third assembly line, (Manesar C plant, 2.5 lakh units annually) is expected to go on stream by mid 2013-14.

Maruti Suzuki Share Price

13452.25 118.30 (0.89%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	360.15
Maruti Suzuki	13452.25
Mahindra & Mahindra	3199.35
Hyundai Motor India	1901.25
Mercury Metals	35.39
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Maruti Suzuki India inks SSA with Gujarat Government for purchase of land

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