Maruti Suzuki India Ltd.

Maruti Suzuki will invest nearly $1.3 billion (Rs 6,300 cr approx) to set up a new plant, likely in Gujarat. Global automakers are flocking to the business-friendly Gujarat recently, with Ford Motor and PSA Peugeot Citroen both announcing investment plans in the state in the past few months. The company was looking at Gujarat as a potential location for the plant, but a final decision will be made only by the end of October.

Maruti, 54.2% owned by Japan's Suzuki Motor, is facing intensifying competition from the likes of South Korea's Hyundai Motors, the second-largest car maker in India, as well as domestic rivals. Besides, an ongoing strike at its Manesar plant in northern Haryana state has hurt the production of its popular Swift model, raising doubts about the firm's ability to maintain sales growth.