India’s largest car maker Maruti Suzuki has finalized its new plant in Haryana, this was announced just a short while back.
The car maker will invest in the new plant over Rs 11,000 crore in the first phase. The carmaker had in discussion with Haryana government for investment in a new manufacturing site for its proposed capacity expansion. The process of allotment of an 800 acres site at IMT Kharkhoda in District Sonipat with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited) was completed today.
The car maker will commission the first plant with a capacity to produce 250,000 vehicles per annum by 2025 subject to administrative approvals. The site has space to set-up more manufacturing plants in the future. Currently the company can manufacture over 2 million units per annum through its two existing plants at Gurgaon and Manesar in Haryana which have a combined manufacturing capacity of 1,580,000 units, while Suzuki Motor’s Gujarat plant can produce 500,000 vehicles per annum.