- ARAB NEWS
- 26 Apr 2024
Since 1975
TOKYO: Suzuki Motor Corp. said Monday that its Maruti Suzuki India Ltd. unit will build an automobile factory in Kharkhoda in Haryana, scheduled to go into operation in 2025.
The Japanese automaker will spend about 110 billion rupees to build Maruti Suzuki’s third vehicle plant in Haryana after factories in Gurgaon and Manesar.
The Kharkhoda plant will have production capacity of 250,000 units per year, which accounts for over 10 pct of Suzuki’s total in India. The automaker did not disclose what models will be made at the new plant.
In March, Suzuki announced a plan to invest about 150 billion yen to make electric vehicles and batteries in India.
Those moves are designed to keep Suzuki competitive in India. It has been the top automaker there, but its market share has been shrinking in recent years due to intensifying competition.
JIJI Press
