Suzuki to build new auto plant in India

Suzuki to build new auto plant in India

Lahore : Pakistan | Aug 30, 2011 at 8:31 AM PDT
Views: Pending
Maruti strike enters 12th day, loss at Rs 340 cr

Japan’s top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.

Maruti Suzuki India Ltd., a local subsidiary of Suzuki, plans to construct the new plant in Manesar near its assembly base, with operation scheduled to begin in 2013, the Nikkei business daily said, quoting company sources.

The plant, its third in Manesar, will be built at a cost of 30 billion yen (356 million dollars) with an annual capacity of 250,000 vehicles, boosting Suzuki’s annual production in India to 1.7 million units, the daily said.

Suzuki, one of the earliest foreign entrants into India’s auto market, has built a dominant position there, boasting a market share of nearly 50 percent, the newspaper said.

Suzuki in 2007 launched an assembly plant in Manesar with an annual capacity of 300,000 vehicles. It is now building its second factory on the same site, with an annual capacity set for 250,000 units.

The second plant is not scheduled to come on stream until spring 2012, but surging demand in India prompted Suzuki managers to order a third site ahead of the launch of the second, the paper said.

Popular subcompact models such as the Alto and Wagon R will likely be produced at the third facility, it added.

Nearly two-thirds of Suzuki’s group operating profit is estimated to come from India.

The latest move is designed to strengthen its lead in the key market and allow the company to use the profit earned there to expand operations in other markets. such as Europe and the rest of Asia, the Nikkei said.

1 of 12
Sales of the Maruti Suzuki India rose 67%
Sales of the Maruti Suzuki India rose 67%
X-REPORTER is based in Lahore, Punjab, Pakistan, and is a Stringer on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • Maruti Halts Production at Plant, Charges Worker Sabotage

      International Business Times
    Tops industry stories by sector or region Sample In June, about 800 workers had gone on a 13-day strike at the same Manesar plant, crippling production and leading to more than $90 million in lost output. Must Read Like us on Facebook Shares in...
  • Maruti Suzuki tumbles in early trade on bourses

      The Economic Times
    Shares of Maruti Suzuki plunged in early trade on the bourses today as production at its Manesar plant got disrupted after a labour dispute entered its second day. Production at Maruti Suzuki India's Manesar plant has been affected, as the company is...
  • Suzuki Motorcycle August sales up 39 pc

    Two-wheeler maker Suzuki Motorcycle India today said it has registered a jump of 39.12 per cent in its August sales to 26,897 units. We have received very good response from the market to all our products.
  • Auto component growth to slowdown in FY12

      India Abroad
    I ndian auto component industry is expecting a slowdown in growth to 12-15 per cent in 2011-12 from over 34 per cent in the previous fiscal, Automotive Component Manufacturers Association of India [ Images ] said on Tuesday. President Srivats Ram...
  • Maruti Suzuki sales down on labour unrest

    The country's largest car maker, Maruti Suzuki, Thursday reported a 12.7 percent drop in total sales during August because of labour unrest at its Manesar factory. The company managed to sell a total of 91,442 vehicles in August, including 14,356...
  • August Auto Sales: Suzuki

      Merced Sun-Star
    American Suzuki Motor Corp. said Thursday its August U.S. sales rose 31.6 percent, as demand for all of its models increased. Suzuki sold 2,409 vehicles in August, up from 1,830 in the same month last year. Sales of the automaker's SX4 compact car...



More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.