Maruti earmarks investment of Rs 3,500 crore for 2013-14

Written by Press Trust of India | New Delhi | Updated: Jul 31 2013, 06:51am hrs
Countrys largest car-maker Maruti Suzuki India will make a capital investment of about R3,500 crore this fiscal as it gears up to strengthen its market leadership.

The company, which accounts for nearly 40% of volumes of parent Suzuki Motor Corp, said it will now be responsible for the export markets of Africa, West Asia and neighbouring countries of the group and would consider setting up plant overseas.

The capital investment proposed this year is approximately R3,500 crore. And this will only increase as we go ahead, MSI chairman RC Bhargava said. In the companys annual report for 2012-13, he said, the company was continuing all its planned investments to increase production capacity and introduce new products.