Gandhinagar/ New Delhi: In the Vibrant Gujarat Global Summit 2024, currently being held under the auspices of the Honourable Prime Minister, Shri Narendra Modi, the President of Suzuki Motor Corporation (SMC), Mr Toshihiro Suzuki announced two major investments. These investments are in the state of Gujarat.
In the first one, Maruti Suzuki India Ltd has reached an understanding* with the State of Gujarat for construction of a new automobile production plant. This new plant in Gujarat aims to start operations in FY2028-29. In the future, they expect the annual production capacity to reach 1 million units. The total investment amount is 350 billion rupees (excluding land acquisition cost). The details of location and the models to be produced will be shared in due course.
Maruti Suzuki announced the establishment of a fourth production line. Suzuki Motor Gujarat Private Limited (“SMG”) will wholly own this subsidiary. The company is investing 32 billion rupees in view of the increasing production of electric vehicles in the future. The fourth line expected to start operation from FY2026-27. With the completion of the fourth line, annual production capacity of SMG will increase from the current 750,000 units to 1 million units. Combined with the new plant in Gujarat, the total annual production capacity in the State of Gujarat will be 2 million units.
Maruti Suzuki plans to secure a production capacity of approximately 4 million units in India by FY2030-31. This is in preparation for the future expansion of the automobile market in India. The company plans to start operating the new plant in Kharkhoda, Haryana, in 2025. The new plant in Gujarat and the fourth production line of SMG will help achieve the milestone of 4 million.
Speaking at the Vibrant Gujarat Global Summit, Mr Toshihiro Suzuki, said, “In this ever-growing country, we will provide a variety of sustainable mobility options. We will do so by focusing on Indian customers.”
Outline of new investments
