Overview
- Maruti Suzuki, which announced the plan on Tuesday, approved Rs 10,189 crore for Phase 1 of a greenfield plant at Khoraj in Gujarat.
- The first phase targets an added annual capacity of 250,000 vehicles by 2029, with common infrastructure laid to support later phases.
- The company said it will finance the phase from internal accruals, using its own cash rather than borrowing.
- Existing plants in Gurugram, Manesar, Kharkhoda and Hansalpur are running at roughly 2.4 million units a year, which the company says are fully utilized.
- Shares rose about 1% after the filing, with investors reading the move as progress toward a 2030 capacity goal of 4 million units.