Suzuki Motors, Maruti to invest Rs2,500 crore
25 January 2007Suzuki Powertrain India Limited says it plans to invest Rs2,500 crore by 2010 to make its Manesar Plant a manufacturing hub for diesel engines and an the export base for subsidiaries across the world.
Suzuki Powertrain is a 70:30 joint venture between Suzuki Motor Corporation of Japan and Maruti Udyog Limited.
According to Arun Malhotra, chief general manager, strategy development and marketing, the Manesar facility will manufacture one lakh diesel engines annually, which would be ramped up to three lakh per annum.
Maruti today launched the diesel version of its popular Swift, the petrol version of which sells around 5500 units per month, is being manufactured at the Manesar Plant.