Mumbai, March 27 -- Maruti Suzuki will invest Rs 741 billion to set up a third factory in Kharkhoda, Haryana, expanding its production capacity by 2.5 lakh units per year. The plant is expected to be operational by 2029, increasing the total capacity at Kharkhoda to 7.5 lakh vehicles annually.
Key Highlights: Investment Mode: Funded via internal accruals
Production Boost: First Kharkhoda plant, operational since February, manufactures the Brezza
Market Outlook: Auto sector recovery expected post income tax cuts and festive demand
Maruti produced 1.87 lakh vehicles last month, and analysts expect April to be a key month for gauging demand revival.
Published by HT Digital Content Services with permission from Construction World.