Maruti Suzuki signs deal for biggest automotive investment in India: 800 acre plant in Haryana – Times of India


Maruti Suzuki India today signed the land allotment deal with Haryana Government to build its largest manufacturing facility yet in Haryana’s Kharkhoda. The facility will be spread across 800 acres of land and will have an investment of approximately Rs 11,000 crore. The allotment agreement signed with the Haryana government states that 800 acres of land will be given to Maruti Suzuki and an additional 100 acres will go to Suzuki Motorcycles India Private Limited. This includes the land, car manufacturing plant and some common infrastructure for future plant support.
During a signing of agreements gathering held in Gurugram, Executive Vice Chairman, Maruti Suzuki, Mr Kenichi Ayukawa said, ’Haryana is our ‘Karambhumi’ our land of action. Our first plant at Gurgaon is in a 300-acre area. The Manesar plant, that came next, is at a 600-acre site. We further expanded our facilities with a 600-acre R&D Center at Rohtak. And progressing further, we are delighted to sign for our biggest manufacturing facility, on 800- an acre land plot, at Kharkhoda.’ He also thanked Haryana chief minister Manohar Lal and deputy chief minister Dushyant Chautala for their support.

Executive Vice Chairman, Maruti Suzuki, Mr Kenichi Ayukawa

Construction of the manufacturing facility is set to begin immediately. Phase 1 of the plant is expected to be operational by 2025. Once done, it will have a capacity of producing 250,000 cars every year. The plant’s potential capacity once completed, will be close to 1 million units. Maruti Suzuki expects to reach this benchmark in 8 years. The Rs 11,000 crore industrial investment is one of the biggest yet in Haryana and the biggest automotive investment in India. The plant will also generate 11,000 jobs in the state. 2,000 jobs will be generated by the two-wheeler plant, bringing the total number to 13,000.

From left: (2) Haryana CM, Monohar Lal Khattar, (3) Deputy CM, Dushyant Chautala and (4) Maruti Suzuki, Executive VC, Mr Kenichi Ayukawa

The additional 100 acres for Suzuki Motorcycles will also be developed alongside the four-wheeler plant. Suzuki Motorcycles has made an investment of approximately Rs 266 crore for the land. The cost for the car plant’s land is pegged at over 2,100 crores and the same was paid today to HSIIDC today through an online transaction.





Source link

Related Articles

Leave a Reply

Stay Connected

999FansLike
777FollowersFollow
- Advertisement -spot_img

Latest Articles

%d bloggers like this: