At last the expected has come off from Maruti Suzuki. The company’s proposal to erect a new plant at Manesar is in the offing and the investment may be around 35 billion yen. The plant will be located at the distance of 35km from New Delhi.
The move comes in the wake of increase in the demand and the company is not sure about the future demand, said Suzuki’s Chairman. He elaborated that the new plant will increase the production by yielding 1.75 million units per year. Maruti is feeding the car market with its most brands and many of them have a waiting period of three months. This is from the unprecedented demand in the car industry where 500000 units have been sold out in just four months of this FY. The peak of it was in July when the industry saw the demand pouring from the rural segment taking the increase by 38% ( 158764 units) against 115084 units in corresponding month of the last year.