Country’s largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in the first phase of its new manufacturing plant to be set up in Haryana. MSI informed the stock exchanges about the new manufacturing plant. Accordingly, the company has completed the process of allotment of 800 acres of land at IMT Kharkhoda in Sonipat district. For this the company has tied up with Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC).
The company said that the first phase of the new plant is expected to be completed by 2025. Its production capacity will be 2.5 lakh units per year. Administrative approvals related to the construction of the new plant are yet to be taken. MSI said it would invest over Rs 11,000 crore on the first phase of the plant. The company said that the Sonepat manufacturing plant will also have room for capacity expansion in the future. At present, Maruti Suzuki has two plants operating in Haryana and Gujarat with a total capacity of about 5.5 lakh units per annum.
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