-119.30 (-0.84%) Maruti Suzuki India (MSIL) is all set to start operations in Gujarat, four months ahead of schedule in January 2017. The company was to start production from May-June 2017. In this regard, the company will spend around Rs 4,400 crore this year, mainly for strengthening research and development, and building marketing and sales infrastructure.
The company’s team for land acquisition is in place and already Rs 800 crore has been invested for expansion of its sales network. MSIL had spent Rs 2,500 crore on capex last year.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.