Maruti Suzuki is planning to set up a third plant at its Manesar unit with an investment of close to Rs 1,700 crore. According to industry resources, MSI is mulling an additional plant that will have an annual capacity of rolling out 2.5 lakh units per year. Currently, the company is investing Rs 1,700 crore to increase the capacity of its Manesar plant 2.5 lakh units that will be operational by 2012.
“The third plant at Manesar is likely to have almost the same investment and capacity like the second one,” a source said at the Society of Indian Automobile Manufacturers (SIAM) summit here today.
When queried, a Maruti official declined to comment saying that the company is currently focusing on the second plant. The company’s Manesar plant has an annual capacity of three lakh units, while the Gurgaon plant manufactures seven lakh units per annum.
According to SIAM, MSI sold 2,82,488 cars during the April-July period this, representing a 47.68 per cent share in the overall 5,92,405 units market. In the same period last year, MSI had a 53.13 per cent share in the 4,40,069 units car market, with sales of 2,33,811 units.
Maruti’s marketing and sales chief Mayank Pareek August said that the company is having good sales in the month of August.