Maruti Suzuki India has expanded the production capacity of its Manesar facility by one lakh units per annum. The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants functioning at Manesar in Haryana.
“The new vehicle assembly line has the capability to manufacture 1 lakh units per annum,” Maruti Suzuki India (MSI) said on Tuesday.
With the additional assembly line, the total manufacturing capability at Manesar stands at 9 lakh vehicles per annum, it added.
“We aim to nearly double our capacity to 4 million vehicles per annum over the next 7-8 years and this capacity addition of 1 lakh vehicles per year is a step towards this goal,” MSI managing director & CEO Hisashi Takeuchi said.
It will help the company serve its customers faster and enhance the overall capability to manufacture up to 23.5 lakh units per annum, he added. The company inaugurated the Manesar facility in February 2007 with the start of Plant A.
As customer demand increased, the automaker added Plant-B in 2011 and Plant-C in 2013. MSI rolls out models such as the Brezza, Ertiga, XL6, Wagon R, Dzire, S-Presso, Ciaz and Celerio from the Manesar plant.
Maruti has plans to hasten its EV capabilities and introduce its first electric car by the end of the year, a race in which rivals Tata Motors and M&M have an edge in terms of models in the market.
Earlier in January, the company announced plans for a new plant in Gujarat, which it said could be operational by 2029. The carmaker in October outlined a capex plan of around Rs 1.25 lakh crore till 2030-31 as it plans to enhance its product range to 28 models from 17 and expand the production capacity.
“The regular capex in the existing plants at Gurgaon, Manesar and Gujarat will continue. The amount in 2022-23 was around Rs 7,500 crore. Total capex till 2030-31 could be as much as Rs 1.25 lakh crore,” Maruti Suzuki India said in the regulatory filing.
The automaker said the company will need about Rs 45,000 crore to create a capacity of 2 million units, adding that the calculation is based on current costs and a small amount for cost escalation.
Export drive
On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in 2024-25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official.
The company plans to launch more models in its various export markets that span over 100 countries while also enhancing distribution network, having taken best practices from India such as making bank finance available at dealerships, strengthening service facilities and parts availability to the export markets.
