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Suzuki investment in India to exceed Rs.6,000 crore

Friday, 24 Sep 2004
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The investment plans of Suzuki Motor Corporation appear to have got clearer following a meeting between the SMC and Maruti Udyog, held on 23 September 2004.

As things stand today, SMC will invest over Rs.6,000 crore in India in partnership with Maruti Udyog Ltd. The following are salient features of the investment plan:

  • A new car plant with capacity 2.5 lakh  cars per annum will come up in Haryana. A new joint venture, Suzuki Maruti India, will be floated for the plant. Maruti Udyog will hold 70 per stake in the JV, with Suzuki holding the remainder
  • A new diesel manufacturing plant will be set up by Suzuki Engineering -- the renamed incarnation of Suzuki Metal India in which Suzuki holds 51 per cent and MUL, 49 per cent.
  • The total investment by Suzuki Motor Corporation in India would be in excess of Rs.6,000 crore and would cater to the two aforementioned projects and in research & development activities.

Also see
Suzuki's new plants in India: Maruti to get 70 per cent stake (23-Sep-04)

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