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Maruti Suzuki proposes capex plan

Tuesday, 18 Mar 2014

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Maruti Suzuki has proposed to invest Rs 4,000 crore in the next fiscal, i.e. FY15, for its capacity expansion plan.

For the proposed capex plan, the company has received approval from the board of directors. The investment will be mainly for new models, marketing infrastructure, and research and development (R&D).

Maruti Suzuki is in the process of developing a compact sports utility vehicle that is likely to be launched early next year. Besides, the company is in the process of increasing the capability of its R&D centre at Rohtak, in Haryana, in a move to launch new models in the market, faster.

For FY14, the company's capex is around Rs 3,000 crore.