Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
13580.00
-208.60 (-1.51%)
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Maruti’s Japanese parent company planning to make electric cars in Gujarat: Report

Date: 15-09-2017

Maruti Suzuki India’s Japanese parent Suzuki Motor has reportedly decided to make electric cars at its factory in Gujarat for India and the world. It will also be the first commercially-available electric car for Suzuki.

Suzuki will also invest a fresh $600 million in the state for a new plant at Hansalpur with a capacity of 2.5 lakh units. It will increase investments in the state to over $2.1 billion as it moves to boost annual manufacturing capacity in Gujarat to 7.5 lakh units within the next couple of years.

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.