239.45 (1.51%) Maruti Suzuki India, country's largest car maker is likely to complete land acquisition for a plant in Gujarat in a month. The company will start construction work at Gujarat plant only when the capacity of its Manesar plant is fully utilized.
The company has to start work in 2013 if it needs to take production from Gujarat plant in 2016, further it will take three years to build a new plant. The auto major had stated in June that along with its vendors, it could invest Rs 18,000 crore in the State as it looks to manufacture nearly 20 lakh units a year in Gujarat.
The company has two facilities at Gurgaon and Manesar, both in Haryana, with a collective capacity to manufacture 1.2 million vehicles annually.