As per information available about 600 acres of land will be utilised for setting up of the R&D facilities and the test track, the remaining 100 acres will be utilised for establishing automobile industries or Maruti's ancillary units. The company was allotted the land by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) in 2009.
Apprising FE of the work progress, Shashank Srivastava, chief general manager marketing, MSI said, The track is developing as per the internal targets and we are hopeful of completing it within the deadline. The boundary wall has been constructed on site and the civil works are on. Parallel to this we are examining the design of the track.
Maruti also targets to raise its production capacity from 12 lakh cars per annum to 17 lakh cars per annum by 2013. We plan to do this by advancing the completion of our new unit at Manesar which has the capacity of 2.5 lakh cars per annum. The plant to be ready by March and we are trying to roll out production by third quarter of next fiscal year. Another unit with an annual generation capacity of 2.5 lakh is coming up in Manesar which is expected to be ready by 2013. We are infusing Rs 3,000 crore into expansion of the manufacturing facilities, said Srivastava.
Also to prune the waiting period for its cars, the largest car maker is establishing regional stock yards that will be located in North, East, West and South regions. Srivastava added, We are coming up with stock yards in a phased manner. The phase one will come up in Bangalore in first quarter of FY 12.
The other locations include Nasik, Nagpur and Siliguri. We are weighing the feasibility of setting up these stock yards and the investment portion is also being worked out. At present, we have stock yards as integral part of our manufacturing units at Manesar and Gurgaon.