Industry

Maruti Suzuki to set up new car manufacturing facility in Haryana at an estimated cost of ₹18,000 crore

Keys hang from the door of a Maruti Suzuki Swift car at its stockyard on the outskirts of Ahmedabad. File image for representation.

Keys hang from the door of a Maruti Suzuki Swift car at its stockyard on the outskirts of Ahmedabad. File image for representation. | Photo Credit: REUTERS

The Maruti Suzuki India Limited (MSIL) would be setting up its third plant in Haryana for its estimated ₹18,000 crore proposed new car manufacturing project, for this the MSIL has purchased an additional 800 acres of land in the State.

Chief Minister Manohar Lal on Tuesday said that this is a huge achievement for the State as Maruti is setting up its third plant in Haryana. He said that MSIL has purchased an additional 800 acres at IMT Kharkhoda land for its proposed new car manufacturing facility. The total project cost is estimated to be ₹18,000 crore. It has the potential to generate employment for 11,000 skilled, unskilled and semi-skilled persons. Along with MSIL, Suzuki Motorcycle India Private Limited (SMIPL) has also purchased a 100-acre of land parcel for setting up an integrated manufacturing facility for two-wheelers, including engines. The total project cost is estimated to be ₹1,466 crore, with a potential to generate employment for 2,000 skilled, unskilled and semi-skilled persons, he added.

Maruti Suzuki India Limited (MSIL) - Suzuki Motorcycle India Private Limited (SMIPL) and Haryana State Industrial -Infrastructure Development Corporation Limited (HSIIDC) are all set to sign an agreement for the allotment of 800 acres and 100 acres land at Industrial Model Township (IMT) Kharkhoda, respectively, in a ceremony slated to be held on May 19.

“India is performing well in the ease-of-doing-business and the ease-of-living index and Haryana is considered the fastest in both these respects. Haryana is one of the favourite destinations for global investors. Maruti played a major role towards development in the automobile sector and overall progress of the state,” said Mr. Lal. “This will give a huge boost to the automobile sector and will motivate multinational companies in other sectors to set up their headquarters and manufacturing plants in Haryana. Along with this, new employment opportunities will also be created for the youth of the state,” he added.

Notably, after setting up its first car plant at Gurugram in 1983, Maruti has steadily expanded its manufacturing footprint in Haryana by setting up a production facility at Manesar and a state-of-the-art R&D center at Rohtak. The two plants in Haryana - Gurugram and Manesar, together roll out around 15.5 lakh units annually, according to an official statement.


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Printable version | May 18, 2022 12:32:38 am | https://www.thehindu.com/business/Industry/maruti-suzuki-to-set-up-new-car-manufacturing-facility-in-haryana-at-an-estimated-cost-of-18000-crore/article65422528.ece