Maruti Suzuki plans Rs6,000 cr medium-term investment

Maruti Suzuki plans Rs6,000 cr medium-term investment

Indore: Maruti Suzuki is planning a medium-term investment of Rs6,000 crore, part of which will be utilized to build five vehicle stock yards in the country in two years, a senior executive said on Friday.

India’s largest car maker opened its first stock yard with a capacity to park 2,000 units in Bangalore, which became operational recently, Maruti Suzuki chief general manager (marketing) Shanshank Srivastava told PTI after launching the new version of Swift here.

The second yard would come up in Nagpur, while the locations for the rest are yet to be decided, he said, adding Madhya Pradesh may house one of them.

“Of the Rs6,000 crore investment Rs1,800 cr was spent on the second manufacturing unit of the company at Manesar, near Delhi, which would be ready soon," Srivastava said. The third unit, which will also come up at Manesar, will attract an investment of Rs1,900 crore.

Remaining funds would be utilized on a research and design facility at Rohtak in Haryana, stock yards and brand centres, he said. The company envisages setting up 14 brand centres in the country to showcase its products, Srivastava said, adding that the locations were yet to be worked out.

Speaking after the launch of the new Swift, he said, “Maruti Suzuki’s sale graph has risen sharply with nearly 12,000 units being made per month in the country."

Swift enjoys 30% market share in the premium hatchback segment, the official added.