Maruti Suzuki to set up third plant at Manesar

Maruti Suzuki to set up third plant at Manesar

Maruti Suzuki India Ltd., maker of half the cars sold in the country, is considering building a new factory after economic growth caused industrywide car sales to jump more than 30 percent this year.

The Suzuki Motor Corp. unit may build a factory with a capacity of between 250,000 to 300,000 vehicles a year at Manesar, near New Delhi, Chairman R.C. Bhargava said today by phone
The report said Maruti Suzuki is considering rolling out 250,000 units a year from its additional unit quoting an unnamed industry source.

Maruti, which has a strong following among India’s growing middle class, is already producing at full capacity and has long waiting lists for some popular models.

“The third plant at Manesar is likely to have almost the same investment and capacity like the second one,” the report said quoting a source as saying at the Society of Indian Automobile Manufacturers (SIAM) summit in New Delhi on Thursday.
Bhargava estimated the cost of the proposed factory, which would be built at Maruti’s complex at Manesar in the northern state of Haryana, at 17 billion rupees (362 million dollars).
Now Maruti Suzuki India produces 300,000 cars annually at its Manesar plant while its Gurgaon plant makes 700,000 cars a year.

Maruti Suzuki also working on seconde assembly line at second plant at  Manesar to add more 250,000 unit to 450,000 by september 2011.by adding the third unit will take its overall capacity up to 1.5 million units beyond 2012.

Shinzo Nakanishi, managing director and chief executive of Maruti Suzuki had recently projected the Indian car market to double to five million units by 2015 and that it needs to be prepared to meet the growing demand to maintain its leadership position.

According to SIAM, the market leader sold 2,82,488 cars during the April-July period this, representing a 47.68 per cent share in the overall 5,92,405 units market. In the comparable year-ago period, MSI had a 53.13 per cent share in the 4,40,069 units car market, with sales of 2,33,811 units.

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