June 25, 2024

Maruti Suzuki India Ltd (MSIL) announced on Thursday that it will put INR 18,000 crore into the Sonipat plant, the company’s new manufacturing facility that will attain a maximum capacity of one million units annually over the coming eight years. The facility is on 800 acres of land at IMT Kharkhoda in the Sonipat district. It will require an expenditure of INR 11,000 crore during the initial phase and a capacity to produce 250,000 units annually.

“When Suzuki Motor Corporation started operations in Haryana, India was not on the global car manufacturing map. Today, India is the fourth largest car manufacturer in the world. And we hope that in the coming years, India will become the third global car manufacturer, globally,” said Kenichi Ayukawa, executive vice chairman of MSIL, in an announcement.

Based on reports, MSIL boasts a capacity for production of 2.2 million units annually. Two manufacturing facilities in Haryana and Manesar, located at Gurugram and Manesar together, produce about 1.55 million units annually.

According to the company’s announcement, The project’s first phase will involve an investment of around INR 11 crore. It will include land, an automobile manufacturing plant, shared infrastructure, and facilities for the future plant. MSIL presented a cheque for INR 2131 crore for Haryana State Industrial and Infrastructure Development Corporation Ltd.

Vijayendra Kumar, Haryana government chief secretary of commerce and industries, in a report, reported that he said, “Maruti Suzuki and Suzuki Motorcycle have committed INR 18,000 crore and INR 1,466 crore (respectively) investment for Sonipat site. This facility would provide direct and indirect employment opportunities to over 13,000 people.”

According to India Brand Equity Foundation’s information graph on the development of auto manufacturing, India could be a leading country in shared mobility by 2030, offering opportunities for autonomous and electric vehicles. The government of India anticipates that the automobile industry will bring in $8-10 billion in foreign and local investments in 2023.

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