Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
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Maruti Suzuki rules out plan to shift Manesar plant

Date: 30-07-2013

Maruti Suzuki India (MSIL) has no plans to shifts Manesar plant despite troubles with land-owners. It has faced troubles at its Manesar plant in the year, like labour-related issues and now land-owners claim that they have not got enough compensation for the property. Maruti had acquired 500 acres to set up its plant in 2004 and another 100 acres was allotted to it in 2005.

The automaker has paid a total of around Rs 120 crore to HSIIDC, as per the agreement, and was never involved with the land-owners directly. The Manesar facility has three plants, producing around 5.5 lakh cars annually, including a diesel engine plant under the Suzuki Powertrain venture.