Maruti Suzuki to invest INR 45,000 crore
Yes, Maruti Suzuki announced on August 23, 2023 that it will invest INR 45,000 crore to double its annual production
Capacity to 40 lakh units in the next eight years. The company will use this investment to expand its existing manufacturing facilities, set up new factories, and develop new technologies.
The investment is part of Maruti Suzuki's "Maruti 3.0" plan, which aims to make the company a global leader in the automobile industry. The plan includes a focus on electric vehicles, connected cars, and new mobility services.
Maruti Suzuki is the largest car manufacturer in India, with a market share of over 50%. The company exports cars to over 100 countries.
The investment is a major vote of confidence in the Indian automobile industry. It shows that Maruti Suzuki is committed to India and believes in the long-term growth potential of the market.
The investment is also expected to create a significant number of jobs in the automotive sector. Maruti Suzuki has said that it will hire over 10,000 people in the next few years.
The investment is a welcome boost for the Indian economy. It will help to boost manufacturing and exports, and create jobs. It will also help to make India a global hub for the automobile industry.
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