The Japanese major will invest about Rs.2,000 crore
The Haryana Government, on Friday, approved the proposal of Japanese major Suzuki Motorcycle to set up its second unit in the State to manufacture two-wheelers at IMT Rohtak. The decision was taken at a meeting chaired by Haryana Chief Minister Bhupinder Singh Hooda.
Suzuki Motorcycle India Private Limited, a subsidiary of Suzuki Motor Corporation of Japan, already has manufacturing facilities for two-wheelers at Kherki Dhaula, Gurgaon.
Haryana Industries Minister Randeep Singh Surjewala, Principal Secretary to Chief Minister Chhatar Singh, Financial Commissioner and Principal Secretary, Industries Y. S. Malik, Haryana State Industrial and Infrastructure Development Corporation Managing Director Rajeev Arora and Maruti Suzuki Managing Director S. Nakanishi also participated.
Mr. Hooda asked Mr. Nakanishi to commence production at the earliest possible.
Mr. Nakanishi said production would commence in 2014. Mr. Arora said that the new manufacturing unit would be spread over 50 acres and the Japanese major would invest about Rs. 2,000 crore and manufacture 20 lakh units per year.
The first phase would be completed in 2014 with a capacity of five lakh two-wheelers annually.
Maruti Suzuki Group had already made investments worth Rs.12,000 crore during the last about seven years and an investment of about Rs.6,000 crore was in the pipeline, he added.
Haryana is the only State where Maruti Suzuki Group has made sizable investments. Its existing units for four-wheeler manufacturing are located at Gurgaon and Manesar where it has invested nearly Rs.22,000 crore.
It is also setting up a state-of-the-art R&D facility with a world-class Test Course at IMT Rohtak.