Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
14779.60
392.55 (2.73%)
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Maruti Suzuki acquiring land parcels to de-risk its future network expansion: Report

Date: 13-06-2017

In a bid to de-risk its future network expansion, Maruti Suzuki is reportedly acquiring land parcels across the country. In this regards, the company has created a separate vertical for land acquisition and identified 77 land projects in FY17 for setting up its dealerships.

Maruti had a network of 2,020 outlets across 1,652 cities as on March 2017. This is more than the combined numbers for rivals Hyundai, Mahindra & Mahindra, Tata Motors and Toyota. The company has expanded rapidly in the last five years, almost doubling the network number from 1,100 in FY11.