Maruti Suzuki India to get 10,000 Balenos from Suzuki's Gujarat plant this fiscal
NEW DELHI: Country's largest carmaker Maruti Suzuki India BSE
0.73 % (MSI) expects to receive around 10,000 units of
premium hatchback Baleno this fiscal from the upcoming Gujarat plant of its parent Suzuki that will start production
from early next year.
The Hansalpur-based facility in Gujarat is the Suzuki
Motor Corp's first wholly-owned unit in India.
"The whole project (Gujarat) is on schedule.
We will be selling cars from made in Gujarat from February. That remains, there
is no change in that. During this financial year about 10,000 cars from Gujarat
will be produced and delivered to us for sale," MSI Chairman R
C Bhargava said.
Suzuki has envisaged a total investment of
around USD 1,400 million on the plant which will house two vehicle assembly
lines of 2.5 lakh units per annum each and an engine plant. It will roll out
Baleno from the first assembly line.
Suzuki will supply vehicles and components
exclusively to MSI from the plant. India is the biggest market for Suzuki,
which owns 56 per cent of Maruti Suzuki India - the country's biggest automaker
controlling nearly half of the market.
MSI's two units at Gurgaon and Manesar have a
total production capacity of 1.5 million units annually.
Source : Maruti
Suzuki India to get 10,000 Balenos from Suzuki's Gujarat plant this fiscal