Maruti Suzuki India plans to invest over $5.5 billion to double capacity by 2030: Report
Maruti Suzuki India Ltd to double its production capacity to four million vehicles a year by the end of 2030
PremiumThe country's top carmaker, Maruti Suzuki India Ltd, will likely invest more than $5.5 billion to double its production capacity to four million vehicles a year by the end of 2030, the Economic Times reported, citing sources.
In another news, the country's largest automaker sees its share of ad spending on digital stabilising at the current levels of being about a third of the overall pie, a senior official said on Tuesday.
The share of digital has grown to 30-32 per cent of the overall spending now, Maruti Suzuki India Executive Director for Marketing Ram Suresh Akella told PTI on the sidelines of an event hosted by social media giant Meta in Mumbai.
"I think we are almost there…may be a little more," Akella said, replying to a specific question on where he sees the share of digital in the overall pie going ahead.
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