Maruti to set up second plant in Gujarat, acquires 600 acres
The company also said it expects about 6-7 per cent sales growth in 2013-14 after closing the current fiscal with about 6 per cent rise in vehicle sales.
The country's largest car maker also said it will not enter the premium segment of passenger cars in India and will "protect" its image of a small car manufacturer.
"We have land at two locations in Gujarat. The first one is offered by the government and the second one is a private land that is directly acquired by us with some negotiations by the government," Maruti Suzuki India (MSI) Chairman R C Bhargava told reporters here.
The company has acquired about 600 acres, located about 40 km from the first site near Mehsana, he added.
"The second location is for our future expansion. Once we exhaust the capacity at the first site, we will move to the second one," Bhargava said.
He, however, did not share details such as when the firm is likely to start construction at the second site.
When asked if MSI is shifting its focus from Haryana, where it has recently witnessed severe labour unrest, Bhargava said: "We are not moving away from Haryana. We have two plants in the state