Maruti Suzuki board OKs investing INR 102 bln in Gujarat car mfg unit
This story was originally published at 15:27 IST on 24 March 2026
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--Maruti Suzuki to invest INR 101.89 bln in 1st phase of capex at Khoraj
--Maruti Suzuki to add capacity of 250,000 vehicles/yr in 1st phase at Khoraj
--Maruti Suzuki expects to complete 1st phase of capex at Khoraj by 2029
NEW DELHI – Maruti Suzuki India Ltd. Tuesday said its board has approved investing INR 101.89 billion towards the first phase of capacity addition at its car manufacturing plant in Gujarat's Khoraj Industrial Estate. The first phase of the car manufacturing plant will have annual output capacity of 250,000 units, the company said in an exchange filing. Maruti Suzuki expects the first phase to be completed by 2029.
The funding will be done through internal accruals. This capacity addition will help Maruti Suzuki cater to market demand in India and abroad. The Swift maker has not been able to fully satisfy the recent upturn in car demand post the cut in Goods and Services Tax, primarily due to production limitations, given that its existing capacity has been fully utilised.
Maruti Suzuki's current capacity is around 2.4 million units across its plants in Gurugram, Manesar, Kharkhoda, and Hansalpur. Including the units produced at the erstwhile Suzuki Motor Gujarat Pvt. Ltd., which has been amalgamated with Maruti Suzuki, the company can manufacture 2.6 million units a year.
The company had reported a net profit of INR 37.94 billion for the December quarter on revenue of INR 498.92 billion. At 1511 IST, its shares traded 0.9% higher at INR 12,468 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Anand JC
Edited by Avishek Dutta
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