Top Searches
- News
- Business News
- India Business News
- Maruti Suzuki finalises site for new manufacturing facility in Haryana; to invest Rs 11,000 crore in first phase
Maruti Suzuki finalises site for new manufacturing facility in Haryana; to invest Rs 11,000 crore in first phase
ARTICLES
Maruti Suzuki finalises site for new manufacturing facility in Haryana; to invest Rs 11,000 crore in first phase A leave application your boss can't refuse! Let Virat Kohli and this global luggage brand make one on your behalf Swiggy to acquire Dineout From now, PAN, Aadhaar must if cash withdrawals and deposits exceeds Rs 20 lakh in a given year
Synopsis
Maruti is said to invest Rs 11,000 crore for its new manufacturing unit in Haryana. It will be investing Rs 11,000 crore in the first phase of the plant, which is expected to commence by 2025.
NEW DELHI: The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in the first phase of its new manufacturing facility in Haryana.
The company on Friday completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited), the auto major said in a regulatory filing.
The new plant's first phase with a manufacturing capacity of 2.5 lakh units per annum is expected to be commissioned by 2025, subject to administrative approvals.
In the first phase, the investment would be over Rs 11,000 crore, MSI said.
"The site will have space for capacity expansion to include more manufacturing plants in the future," MSI noted.
At present, MSI has a cumulative production capacity of around 5.5 lakh units per quarter or about 22 lakh units per annum across its manufacturing plants in Haryana and Gujarat.
The company on Friday completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited), the auto major said in a regulatory filing.
The new plant's first phase with a manufacturing capacity of 2.5 lakh units per annum is expected to be commissioned by 2025, subject to administrative approvals.
In the first phase, the investment would be over Rs 11,000 crore, MSI said.
"The site will have space for capacity expansion to include more manufacturing plants in the future," MSI noted.
At present, MSI has a cumulative production capacity of around 5.5 lakh units per quarter or about 22 lakh units per annum across its manufacturing plants in Haryana and Gujarat.
FOLLOW US ON SOCIAL MEDIA
FacebookTwitterInstagram
Looking for Something?
Start a Conversation
end of article
Visual Stories
Quick Links
Budget 2022Cryptocurrency NewsITR Filing Last DateSensex TodayGSTElon MuskTax CalculatorStock MarketSavings Growth CalculatorIncome Tax SlabsMutual FundsBanking ServicesAadhaar CardSBICredit Card NewsMukesh AmbaniIndian Bank Ifsc codeIDBI Ifsc codeIndusind ifsc codeYes Bank Ifsc CodeVijay Bank Ifsc codeSyndicate bank Ifsc CodePNB Ifsc codeOBC Ifsc codeKarur vysya bank ifscIOB Ifsc codeICICI Ifsc codeHDFC Bank ifsc codeCanara Bank Ifsc codeBank of baroda ifscBank of America IFSC CodeBOM IFSC CodeAndhra Bank IFSC CodeAxis Bank Ifsc CodeSBI IFSC Code
Popular Categories
Hot on the Web
Top Trends
Russia Ukraine News LiveCoronavirus in India LiveIndia Covid CasesRCB vs PBKSLIC IPO PriceSheikh khalifa bin zayed al nahyanPune Railway StationSri Lanka Crisis LIVESubrata RoyNEET PG 2022Gyanvapi Mosque CaseTaj Mahal NewsTS SSC Hall Ticket 2022IPL Points Table 2022Sensex TodayTwitter DealCryptocurrency Price in IndiaHoroscope Today
Trending Topics
Living and entertainment
Copyright © 2022 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service