Japan’s Suzuki Motor Corp is planning to build a new manufacturing facility in India, which would have an annual production capacity of more than 250,000 vehicles, Japanese business daily, the Nikkei reported on Sunday. Suzuki intends to start operations at the new plant as early as 2013.
The Japanese automaker, which first started its production operations in India in 1983, plans to expand output there to 1.45 million units by 2012.
The latest expansion will enhance the company’s annual output in India to 1.7 million units by 2013, exceeding total output of 1.4 million in Japan, the newspaper said.
Suzuki has more than 50 percent market share in India, which is one of the fastest growing automobile markets in the world.
Maruti Suzuki, India’s leading car maker which is 54.2 percent owned by Suzuki, with 24 percent rise in August sales posted its best-ever month.