This was towards the acquisition of 800 acres in the Industrial Model Township Kharkhoda in Sonepat district for a third plant scheduled to be commissioned in 2025.
The company's board has cleared an initial capex of Rs 11,000 crore for an installed capacity of 250,000 units in the first phase with plans to reach one million units across four manufacturing lines over the next eight years.
Eventually, Maruti Suzuki aims to exit Gurugram where it began its India story. "We acknowledge the fact that the residential areas nearby should be kept away from industrial activity and are, therefore, working towards a plan," said RC Bhargava, Chairman.
Maruti could be rightfully credited for playing a big role in converting the Gurugram-Manesar belt into a vibrant automotive hub with a slew of big auto brands present here right from vehicle makers to suppliers. Right now, its 300-acre facility in Gurugram has a capacity of 700,000 units while the other in Manesar spread over 600 acres rolls out 800,000 cars every year. "It is going to take at least 7-to-8 years to build and develop Kharkhoda," added Bhargava.
Denne historien er fra 1st June 2022-utgaven av Autocar Professional.
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Denne historien er fra 1st June 2022-utgaven av Autocar Professional.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Spain's Fersa Group invests in India-based Delux Bearings
Besides theRs100 croreinvestment, the Indian company gets access toadvanced technologies and bearings with arange of applications that willhelpinits global growth strategy, writes Manobhava Baruah.
Tata Autocomp to open compact dual-clutch transmission plant
Amidthe country’s growing need for personal mobility with easy manoeuvrability, comes the demand for vehicles with automatic transmission. Tata AutoCompisready tomovein writes Shruti Mishra.
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
New age thermoplastics for next-generation EV batteries
Saudi-based global materials major SABIChas developed cutting edgein fire-resistant polymers and flame-retardant materials that comply with various EV battery safety standards across the world.
Switch Mobility to meet growing e-bus demand with fresh capex
Oncourse for abillion-dollar business, the company is exploringa possibility of operating satellite factories across the country to serve different geographies, write ShahkarAbidi and Ketan Thakkar.
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
New investmentto drive R&D, infrastructure development and manufacturing capabilities. The company willlocally produce EVsin India with possibility of exports as well, writes Mayank Dhingra.
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Amitabh Saran, Founder and CEO, Altigreen, shares his views on problems inthe EV industry and battery localisation solutions with Amit Vijay M.
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
The company aims to offer wider choices withnew EVs that may straddle a pricebracket of Rs20to 40lakhinthe coming years, writes Ketan Thakkar.
MG Motor India in expansion drive, to invest $100 million
The investment willbe usedtoramp up existing production capacity from1.2to1.4-15lakh units per annum atthe automaker's Halol plantin Gujarat, writes Ketan Thakkar.
"Technology and its multiplier effect are driving business transformations and customer experiences"
Technical Centre India is one of Continental’s largest research and development centres in the world, andasa Centre of Competence’ it also develops customised products for the BRIC countries.
