Maruti to invest $1.8 bn in R&D, marketing

Written by Agencies | New Delhi, October 29: | Updated: Oct 29 2007, 20:35pm hrs
The country's biggest carmaker Maruti Suzuki India Ltd plans to invest 1.8 billion dollars for setting up a research and development unit at Manesar, as well as marketing and production expansion.

The R&D facility in Manesar, where the company already has a production unit, would be set up in an area of 500 acre, Suzuki Motor Co President and CEO Osamu Suzuki said.

Japan's Suzuki Motor is the majority stakeholder in Maruti and Osamu Suzuki is in India to attend the company's Board meeting.

The 1.8 billion dollar expenditure is over and above the investment of Rs 9,000 crore till 2010 that the company had earlier announced. No time-frame was given for the fresh investment.