Besides setting up two new factory sites, the funds would be utilised for launching 10 new products and introducing new fuel options.
The annual capex over the next 8 years will be more than double compared to the current amount of 7,500 crore.
Since the start of operations in 1983, Maruti Suzuki has invested around 56,000 crore till date. The proposed investment scheme would be executed by continuing to remain debt free, the company said in a presentation issued on Monday.
At least 45,000 crore of the planned outlay will be spent in creating a capacity of 2 million units per annum, which will double its present annual capacity to 4 million units.
Of the total annual capacity, over 3 million units are planned to be sold in the domestic market, including sale to other OEM (Toyota Kirloskar) and 750,000-800,000 units are expected to be exported.
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