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Maruti Suzuki to establish new plant at Manesar

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India's leading car maker Maruti Suzuki India Limited (MSIL) today held its 29th Annual General Meeting here today. At the meeting Mr. O Suzuki, Chairman and CEO, Suzuki Motor Corporation, Japan, (majority stakeholder in MSIL), made wide ranging announcements.

Following points are for your reference:

Outline on current production capacity:
- Annual Capacity at Maruti Suzuki Gurgaon is: 850,000 units
- Annual Capacity at Maruti Suzuki Manesar is: 350,000 units
- Total capacity : 12,00,000 units (1.2 million units)
- To keep pace with growth (which has been as high as 27% in this fiscal), Maruti Suzuki needs more capacity
 
Capacity announcements (subject to Board approval)
- Maruti Suzuki will establish "Plant C" at Manesar.
           
Plant C will be constructed concurrently with the Plant B at Manesar.
Plant C to have an installed capacity of 250,000 units per annum.
Plant C is likely to be ready by end of fiscal 2012 / early 2013
             
- Plant B (announced earlier in Feb2010) at Manesar, will be ready by Jan 2012 and will bring an additional capacity of 250,000 units per annum
             
- Plush two-tone interiors and an all-new 3-spoke steering wheel. These are aided by
           
Present facilities : 12,00,000 units per annum
Plant B (Manesar) : 2,50,000 units per annum by Jan 2012
Plant C (Manesar) : 2,50,000 units per annum likely in fiscal 2012-13
             
Total Capacity: 17,50,000 units per annum by end of fiscal 2012-13 (including productivity enhancements) Investment update (subject to Board approval)
           
- The investment to construct Plant C at Manesar is estimated at 35 Billion Japanese Yen (approx Rs. 1,925 crores @ Yen 1= 0.55 Rs). This investment will be funded by internal accruals of Maruti Suzuki.
             
Medium term investment: Rs 6,000 Crores (or $ 1.3 billion) during the period 2010-2013.
           
- Rs 1700 Cr (Manesar plant B) announced earlier in March 2010
- Rs 2500 Cr (Engine plant & R&D) announced earlier in March 2010
- Rs 1925 Cr (Manesar plant C) announced at AGM-2010 (7 Sept 2010)
             
Other projects to be undertaken in Medium term:

- Commence construction of test course at R&D Centre at Rohtak
- We would also look at constructing Regional Offices at 16 locations.
- SMC and MSIL will have an integrated approach towards these developments.
-  The timelines for all these projects will be evolved post board approval.

Courtesy: Maruti India


Related News:
Maruti Suzuki sales up 23.6% in August 2010
Maruti Launches Limited Swift One Million Edition in India
Maruti Suzuki launches five CNG models in India
Maruti Suzuki India July sales up 29%

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Posted by Naresh Koshti on 9 September, 2010 12:34:18 PM IST #