India's largest producer of passenger cars, Maruti Suzuki recently announced the fact that the company will be investing a whopping 50 billion yen ($553.8 million) in expanding engine capacity and on research and development in the Indian market.

The announcement came from Osamu Suzuki, who was here to attend the ceremony of the automaker touching one million units during the fiscal. In fact, the proposed investment will be made over a period of two years roughly equally divided between the engines and R&D efforts of the automaker in the Indian market.

Moreover, at this milestone, the company also laid the foundation stone for expanding production to 2.5 lakh units at its Manesar unit carrying a heavy investment of Rs. 1700 crore on its shoulders.

Maruti Suzuki, which sells every other car being sold in the country, is still standing very tall in front of its counterparts at a 54% share of the domestic passenger car market after 27 years of its India journey. Moreover, the company has presence in over 450 towns and cities through a network of 681 sales outlets.