Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
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Maruti Suzuki earmarks capital investment of Rs 3500 crore this fiscal

Date: 31-07-2013

With an aim to strengthen its market leadership, country's largest car-maker Maruti Suzuki India has earmarked a capital investment of about Rs 3,500 crore this fiscal, to increase production capacity and introduce new products from time to time.  Further, the company will also invest in strengthening its sales and service facility all over the country.

Meanwhile, in separate development, the company has commenced work at it Gujarat issue and expects to start production by the end of 2015-16. Further, the company is also hopeful of commissioning Manesar third line and Phase I of the diesel engine line in Gurgaon.

The company has reported 49.05% rise in its net profit at Rs 631.61 crore for the quarter as compared to Rs 423.77 crore for the same quarter in the previous year. However, total income from operations of the company has decreased by 5.02% at Rs 10237.34 crore for quarter under review as compared to Rs 10778.15 crore for the quarter ended June 30, 2012.