Maruti Suzuki India Ltd.

Maruti Suzuki India has inked Non binding Memorandum of Understanding with the State of Gujarat for construction of a new automobile production plant. This new plant in Gujarat is aimed to start operation in FY2028-29. In the future, the annual production capacity is expected to become 1 million units with total investment amount of Rs 350 billion (excluding land acquisition cost). The details of location and the models to be produced will be shared in due course.  

Maruti Suzuki also announced the establishment of a fourth production line in its wholly owned subsidiary Suzuki Motor Gujarat (SMG) by investing Rs 32 billion, in view of increasing production of electric vehicles in the future. The fourth line is expected to start operation from FY2026-27. With the completion of the fourth line, annual production capacity of SMG will increase from the current 750,000 units to 1 million units. Combined with the new plant in Gujarat, the total annual production capacity in the State of Gujarat will be 2 million units. 

Maruti Suzuki plans to secure a production capacity of around 4 million units in India by FY2030-31 to prepare for future expansion of automobile market in India. The new plant in Kharkhoda, Haryana which is planned to start operation in 2025, the new plant in Gujarat and the fourth production line of SMG will help achieve the milestone of 4 million. 

Maruti Suzuki India 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.