Maruti on Tuesday said it will make a capital investment of around Rs 3,500 crore this financial year to strengthen its market leadership.
Maruti Suzuki India that accounts for around 40 per cent of volumes of parent SMC said it will now be responsible for the export markets including Africa, West Asia and neighbouring countries of the group and would consider setting up plant overseas.
MSIL will have to ensure adequate sales and marketing arrangements in these countries with the help of Japan, R.C. Bhargava, Chairman, MSIL, said while addressing the shareholders in the company’s annual report for 2012-13.
Increase capacity
He said the company was continuing with all its planned investments to increase production capacity and introduce new products.
“Work on the Gujarat site has commenced and we expect to start production by the end of 2015-16. The Manesar third line will be commissioned soon, as also phase-I of the diesel engine line in Gurgaon,” he said.
The company’s research and development centre at Rohtak (Haryana) is also in development stage, he said.
Bhargava added that the company was also investing in strengthening its sales and service facilities across the country.