Maruti to invest ₹45,000 cr to double capacity by FY31

livemint.com:

₹45,000 crore to double its production capacity from the existing 2.25 million units to 4 million units in the next seven years, with a new one million-unit facility in Haryana’s Kharkhoda besides another one million unit plant at a new, undecided location. “The era ahead of us is going to be very uncertain and challenging. Putting up the 2 million cars will cost us close to ₹45,000 crore, depending on how inflation increases.

At the moment, estimated costs are around ₹45,000 crore for the two million cars. We have to put in more investments in our marketing and sales which we have been doing over the last eight, or nine years. So, we increase our capacity to sell and service cars from the current two million to four million." “We have to develop infrastructure for dealing with the rising demand for our vehicles outside India.

The export volume we expect to have by 2030-31 is around 800,000. And this is a different order than what we get today. A lot of infrastructure and support service will be needed to fulfil this demand, and all of it is going to require a lot of investment," said Bhargava.

“Maruti Suzuki will not be behind, and we are not late. Our market share went down recently because of factors relating not only to shortage of chips, but also because we were essentially a small-car manufacturer. Now we have to adjust to the fact that because of regulatory and other factors, the market for small cars is coming down and market for SUVs is going up.

We are adjusting to that. I am sure in coming years, we will make every effort to retain our old market share," he added. “I think the management, our engineers and Suzuki Japan have all carefully assessed the environment for EVs in India.