Maruti earmarks Rs. 1,925 crore for new plant

Osamu SuzukiWhile the competition in the small car segment is becoming a threat for the pole position of the market leader, Maruti Suzuki, the company has decided to take on the competition in return and has announced bullish capacity expansion plans in the Indian market.

While the company has recently said that it is working on its plan of opening its sixth plant at Manesar, the company has recently mentioned that it will be investing close to Rs. 1,925 crore for the same.

While giving out the investment figure, the Chairman of Suzuki Motor Corporation, Osamu Suzuki said that the expansion plan will help the company to become the Japanese parent company's biggest production base.

It may be noted here that the expansion will take the Indian unit beyond its plants at China and Japan. As the company is struggling to meet the rising demand in the Indian market, it is expected that the capacity expansion will also help the local market leader to make its presence felt in the export segment as well.

At present, the Korean auto major, Hyundai motor India is the market leader in the export segment.