During the Vibrant Gujarat Global Summit 2024, Toshihiro Suzuki, the President of Suzuki Motor Corporation, introduced Maruti Suzuki’s plan to make investments of INR 38,2 hundred crore to increase its manufacturing capability. This includes INR 35,000 crore for setting up a brand new plant in Gujarat and INR three,2 hundred crore to feature a fourth production line to the prevailing Suzuki Motor Gujarat (SMG) plant. The expansion aligns with Maruti Suzuki’s method to introduce 10 new fashions to the market by FY 2030-31 and launch its first Battery Electric Vehicle (BEV) from SMG via the stop of the modern-day year.
T.Suzuki emphasized the commitment to enhance BEV manufacturing by investing INR 3, two hundred crore in SMG for the new manufacturing line, increasing the once-a-year ability from 7.5 lakh to one million gadgets. Additionally, INR 35,000 crore will be allotted for building a 2D automobile plant in Gujarat, aiming to produce a further 1 million units yearly. This move will raise Maruti Suzuki’s general manufacturing potential in Gujarat to 2 million devices, encompassing 1 million devices from SMG and the brand-new plant.
The agency is simultaneously running on increasing its capability in Kharkhoda, Haryana, with an investment of INR 18,000 crore. Presently, Maruti Suzuki has a cumulative manufacturing capacity of around 2.2 million gadgets in step with annum, allotted throughout flora in Haryana (Manesar, Gurugram, Kharkhoda) and Gujarat. The automaker’s R&D middle is placed in Rohtak.
T. Suzuki stated the constant growth of the Indian car marketplace over the past decade, crediting the management and help of Prime Minister Modi. He highlighted Suzuki’s massive boom in manufacturing capability in India, waiting for a 1.7 times boom in vehicle manufacturing and a 2.6 instances surge in export sales within the modern-day financial year as compared to a decade ago.
Maruti Suzuki’s ambitious plans encompass the rollout of its first BEV from SMG through the quit of the year, with intentions to promote the version no longer handiest in India but additionally export it to Japan and European international locations. The agency is adopting a “multi-pathway” approach to gas technologies and has initiated the construction of four biogas flora in Gujarat in collaboration with the National Dairy Development Board and Banas Dairy.
Looking ahead to FY 2030-31, Maruti Suzuki envisions 60% of its sales to return from internal combustion engine (ICE) automobiles, inclusive of compressed herbal gasoline (CNG), biogas, flex-fuel cars, ethanol, and mixed gasoline. Hybrid electric-powered motors (EVs) are predicted to represent 25%, even as BEVs will make up 15%, with a target of introducing six EV fashions by that time.