Maruti Suzuki announces major investments in Gujarat with new plant and fourth production line
At the Vibrant Gujarat Global Summit 2024, Suzuki Motor Corporation (SMC) President Toshihiro Suzuki declared two substantial investments in Gujarat. These initiatives are set to bolster Maruti Suzuki’s manufacturing prowess in India, with a focus on sustainable mobility options.
New Automobile Production Plant
Maruti Suzuki India Ltd has reached an understanding with the State of Gujarat to construct a new automobile production plant. This plant, expected to commence operations in FY2028-29, is projected to have an annual production capacity of one million units, entailing an investment of 350 billion rupees, excluding land acquisition costs. The location and models to be produced will be announced later.
Fourth Production Line in Suzuki Motor Gujarat
Additionally, Maruti Suzuki is investing 32 billion rupees in a fourth production line at its wholly-owned subsidiary, Suzuki Motor Gujarat Private Limited (“SMG”), emphasizing the future production of electric vehicles. Slated to start in FY2026-27, this line will increase SMG’s annual production capacity from 750,000 units to 1 million units.
Maruti Suzuki to boost Indian auto market with new Gujarat plant and additional production line
Total Annual Production Capacity in Gujarat
With the completion of the new plant and the fourth line at SMG, Maruti Suzuki’s total annual production capacity in Gujarat will reach 2 million units. This expansion is part of Maruti Suzuki’s broader plan to secure a production capacity of approximately 4 million units in India by FY2030-31, preparing for the expected growth of the automobile market.
Toshihiro Suzuki’s Vision for India
Speaking at the summit, Toshihiro Suzuki emphasized the commitment to providing a variety of sustainable mobility options, focusing on the needs of Indian customers. This vision aligns with the company’s goals for expansion and innovation in the automobile sector.
Impact on the Indian Auto Industry
The new investments by Maruti Suzuki signify a major step in the Indian auto industry, marking a shift towards increased production capacity and sustainable vehicle manufacturing. The company’s focus on electric vehicles aligns with global trends in automobile production and environmental sustainability.