-294.40 (-1.87%) Maruti Suzuki India, the country’s largest car maker is planning to delay commissioning of its third facility at Mehsana in Gujarat due to slowdown in the domestic automobile market.
Earlier in June last year, the company was allotted 700 acres of land by the Gujarat government for its third manufacturing unit, near Mehsana. The company had planned investment of Rs 4,000 crore to make operational the facility, with an initial capacity of 250,000 units by 2015-16.
Recently, the company had launched the stylish and sporty car ‘Stingray’. With this, the company has expanded its portfolio and enriched it to meet aspirations of young India.