Industry Trends
Maruti Suzuki India Limited will invest Rs 35,000 crore to set up a new vehicle manufacturing plant at Khoraj, near Gandhinagar, strengthening Gujarat’s position as one of India’s most important automobile manufacturing hubs. The proposed facility will be developed on 1,750 acres of land allotted by the Gujarat Industrial Development Corporation. The investment letter handover ceremony was held in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel and Maruti Suzuki India Limited Managing Director Hisashi Takeuchi. Deputy Chief Minister Harsh Sanghavi and senior executives from Maruti Suzuki were also present. According to the Gujarat government, the Khoraj project will comprise four manufacturing units, each with an annual production capacity of 2.5 lakh vehicles, taking the total planned capacity to 10 lakh cars per year. Production at the first unit is scheduled to commence from the financial year 2029. The board of Maruti Suzuki India Limited approved the inves...