Maruti Suzuki considers a new production line at the Gujarat plant - The Financial Express

Maruti Suzuki considers a new production line at the Gujarat plant

On the heels of a heated SIAM convention, Maruti consider an additional assembly line at the Gujarat plant and push their electric agenda ahead

By: | Updated: September 8, 2017 3:48 PM

Barely a day after, RC Bhargava said that we should not take Nitin Gadkari’s aggressive speech at yesterday’s SIAM convention “literally”, Maruti has announced that they will add a fourth line to their Gujarat plant, which will be capable of delivering 2.5 lakh units a year, bringing the plant's total production capabilities to an impressive one million units per annum. And surprisingly in tune with the government's directives, Suzuki has also announced that will set up the proposed lithium-ion battery production plant in Gujrat. "The Gujarat facility which Suzuki has set up, the first line of 2.5 units have been already commissioned, work is going on the second and third lines that will increase the Gujarat plant capacity to 7.5 million units in 2-3 years," Bhargava said.

PTI reported that the Hansalpur, based facility in Gujarat is Suzuki Motor Corp’s first wholly owned unit in India. Bhargava continued to say that the company will reach 2 million car sales in 2020 and 2.5 million cars two three years later. "So that is the kind of growth we are planning and investing on currently," He said. Maruti Suzuki India, a subsidiary of Suzuki Motor Corp, produces 1.5 million cars from its two plants in Haryana.”Commenting on the lithium ion battery plant, Bhargava said it will come up in Gujarat. In April, Suzuki had announced joining hands with Toshiba Corporation and Denso to set up a plant in India to produce lithium ion batteries, entailing an investment of 20 billion yen (nearly Rs 1,200 crore). At the time of the announcement, the Japanese firm had not confirmed the place where the plant would come up. The three Japanese entities have signed an agreement to form a joint venture, which is aimed at tapping into the growing popularity of electric vehicles in India. The joint venture will ensure a stable supply of lithium-ion battery packs in the country.”


Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.