India’s largest carmaker, Maruti Suzuki has crossed the milestone of rolling out three lakh K-series engines, its latest generation engine which powers new models like the A-star, Swift, Swift Dzire and Ritz. This has been achieved within just 19 months of introducing the engine series in India.
“Going forward, the K-series engine will play a key role in Maruti Suzuki’s strategy in consolidating its leading position in the Indian automobile sector,” said a company official. Over the next three to five years Maruti Suzuki will more and more introduce the K-series engine in other models not sporting it as of now.
Currently, MSI has over 50 per cent share in the Indian car market. Last fiscal, it sold 7,65,526 units out of a total of 15,26,787 passenger cars sold in India. Two variants of the K-series engines a 998cc three-cylinder 'K10B' fitted in A-star, Estilo, and the new WagonR and a 1.2-litre, four-cylinder ‘ K12M’ petrol engine powering Ritz, Swift and Swift Dzire are offered by Maruti Suzuki.
MSI also has other engine series like the F Series packed in the M800 and Alto, the G Series that powers the multi-utility van Eeco and the M Series in the mid-sized sedan Maruti SX4. The car maker has a total engine capacity of 10 lakh units a year, of which the share of K-Series engines is 2.5 lakh units. MSI engineers recently crossed the 1,600 engines/day production level and this number is set to grow further.
Last year, Maruti Suzuki had announced an investment of up to Rs 1,500 crore on doubling capacity of the Gurgaon plant to produce five lakh K-series engines a year, in addition to setting up a R&D centre at Rohtak. Last month it announced that it will invest Rs 1,665 crore for increasing its vehicle production capacity to 1.25 million by 2012 from the present one million units by adding a new assembly line at its Manesar plant.