Maruti Suzuki plans Rs 6,000 Crores Investment

Maruti Suzuki is planning for a medium term invement of Rs 6, 000 crore (Rs 60 billion), part that would be utilised to build five vehicle stock yards in the country within one or two years, a senior executive said.

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India's [ Images ] largest carmaker opened its first stock yard having a capacity to park 2, 000 units in Bangalore, which became operational lately, Maruti Suzuki [ Images ] Chief General Manager (Marketing) Shanshank Srivastava told PTI after launching the brand new version of 'Swift'.

The second yard would come up in Nagpur, as the locations for the rest are yet to be decided, he said, adding Madhya Pradesh [ Images ] may houses one of these.

Of the Rs 6, 000-crore investment, Rs 1, 800 was spent about the second manufacturing unit of the company at Manesar, near Delhi [ Images ], which may be ready soon, Srivastava said. The third unit, which will also show up at Manesar, will attract an investment of Rs 1, 900 crore (Rs nineteen billion).



Remaining funds would be utilised on a R&D facility at Rohtak (Haryana), share yards and brand centres, he said.

The company envisages setting up 14 brand centres in the united kingdom to showcase its products, Srivastava said, adding the locations were yet to become worked out.

Speaking after the launch of new 'Swift', he said, Maruti Suzuki's purchase graph had risen sharply with nearly 12, 000 units being per month in the united kingdom.

Swift [ Images ] enjoys 30 per cent market share in the premium hatchback section, the official added.