Maruti Suzuki India Ltd.

Maruti Suzuki India, the country’s largest car-maker has set aside Rs 6,000 crore for medium-term investment for building of stock yards and manufacturing unit in the country within one to two years. Of the Rs 6,000-crore investment, Rs 1,800 to be invested on the second manufacturing unit of the company at Manesar near Delhi, which would be ready soon while, the third unit, which will also come up at Manesar, will attract an investment of Rs 1,900 crore.

The remaining amount would be utilized on R&D facility at Rohtak (Haryana), stock yards and brand centers. The company envisages setting up 14 brand centres in the country to showcase its products.

The company opened its first stock yard with a capacity to park 2,000 units in Bangalore, which recently became operational. The second yard would come up in Nagpur, while the locations for a few others are yet to be decided.

Maruti Suzuki’s net profit for the quarter registered growth of 18.02% at Rs 549.23 crore as compared to Rs 465.36 crore for the corresponding quarter of the previous year. Its total income increased by 3.56% to Rs 8709.37 crore for the quarter under review from Rs 8409.62 crore for the quarter ended June 30, 2010 ended June 30, 2011.