India’s largest car manufacturer Maruti Suzuki India has approved an investment of ₹10,189 crore in Khoraj Industrial Estate, Gujarat, for capacity expansion to meet the rising demand.
According to the company’s regulatory filing, this new infusion of capital include investment for the first phase of car manufacturing plant having an annual manufacturing capacity of 2,50,000 units and some common infrastructure and facilities for future plants. “This first phase of capacity of 2,50,000 vehicles per annum is expected to be added by 2029 subject to market conditions,” the company said.
As earlier announced by the company, this expansion is to meet the new demands post GST 2.0 as their facilities in Gurugram, Manesar, Kharkhoda and Hansalpur are fully utilised.
Maruti Suzuki currently has a total installed capacity of around 24 lakh units per annum across its facilities in Gurugram, Manesar, Kharkhoda and Hansalpur. The company said it has the capability to scale this up to 26 lakh units annually, including output from the erstwhile Suzuki Motor Gujarat Private, which has been amalgamated with the company. Existing capacity utilisation stands at full levels.
The production includes vehicles for domestic sales, exports and OEM supplies. The company said its top five models by production volume during the year were Fronx, Baleno, Swift, Dzire and Ertiga, reflecting strong demand across segments in both domestic and international markets.
The move comes amid continued growth in passenger vehicle demand, including exports, as the company looks to maintain its leadership position in the Indian market while strengthening its global supply footprint.
