Maruti All Set To Invest Rs 6,085 Cr By Next 3 Yrs

Maruti All Set To Invest Rs 6,085 Cr By Next 3 YrsMaruti Suzuki has declared that it would invest around Rs 1,925 cr on a novel facility in Manesar, near Delhi, bringing the overall investment to Rs 6,085 cr by 2013.

The new plant, the company's fourth in India, will take the country's largest automobile manufacturer's total annual production capacity to 1.75 million units by end of fiscal year 2012-13.

The declaration comes close on the heels of another facility in the same locality announced in February 2010.

Both the facilities will have annual production capacitances of 250,000 units each.

Maruti Suzuki Ltd stated that the company has sold around 104,791 vehicles during the last month.

The company has registered an increase of 23.6 per cent in August.

The company's volume in the domestic A2 section increased by 25.7 per cent and in the A3 section, the sales volume climbed 34 per cent in August as against the sales during the same period of last year.

The clients graded Maruti Suzuki as the top auto company in the yearly Sales Satisfaction Survey carried out independently by JD Power, a top global research agency.

On its novel products, the company stated that it rolled out Alto-K10 with 1-litre K-series engine and 5 CNG models across sectors.