Key Points
- Kharkhoda plant inaugurated with 250,000 unit annual production capacity
The foundation stone for this facility was laid by the Prime Minister Narendra Modi in August 2022 via a virtual mode.
To begin with, the Kharkhoda facility will have an annual production capacity of 250,000 units and produce the compact SUV Brezza, said the automaker in a statement.
"With this, Maruti Suzuki, including Suzuki Motor Gujarat Private Limited, the wholly owned subsidiary of Maruti Suzuki, will have a total annual production capability of 2.6 million units," the company informed.
Last week, the Suzuki Motor Corporation of Japan, the parent company of Maruti Suzuki India, announced a new mid-term plan with a "rethink" in its strategy as "the business environment has changed due to declining market share in India" and the growing electrical vehicles segment.
Maruti Suzuki aims to create a manufacturing capacity of producing 4 million cars annually to reclaim a 50 per cent market share in India and use the country as a global export hub as well.
In its new mid-term plan for 2025-30, the company has identified India as its "most important market".
The auto major plans to expand its EV lineup starting with the e-Vitara, and is aiming to launch four new EV models by FY30 in a segment where its rivals like Tata Motors and Mahindra & Mahindra already have a varied EV portfolio in India.
Maruti Suzuki is currently exporting three lakh vehicles from India annually. By the end of this decade, it is targeting the export of 7.5-8 lakh units per year.
Suzuki Motor plans to invest 1,200 billion yen (about Rs 7,000 crore) as capital expenditure towards production, new models, carbon neutrality and quality measures.
