Maruti Suzuki India has decided to increase its production in the Manesar plant this fiscal year. The three-lakh unit production capacity Manesar plant will be equipped to roll out another one lakh unit.
The company will be spending over Rs 2,100 crore for re-tooling the plant for production competence, R&D activities, developing new models, and expanding production of its K-Series engine.
"We are looking at all possibilities to produce more cars to meet higher demand. We are increasing the production timing and altering the production schedule to roll out more cars. The production for DZire sedan has now gone up to 7,000 cars from 3,000 while we are producing 10,000 Swifts against 6,000-7,000 units last year," said Mayank Pareek, executive officer for sales and marketing at Maruti Suzuki.
During the first quarter of FY10, Maruti Suzuki sold over 2.26 lakh cars, which marked an increase of 18% over the same period of the previous fiscal year. The company aims at a 15% growth in volumes in the current fiscal year in order to bring up the annual production to over nine lakh cars.
The company has also plans to launch a new multi-utility vehicle that is based on the Versa platform in the third quarter of the fiscal year.