Suzuki Motor to invest $970 mln in second production line in Gujarat
Nov 4 Japan's Suzuki Motor Corp willinvest about 100 billion yen ($970.97 million) in a second
vehicle production line at its new plant in Gujarat, even before
operations have begun, the Nikkei business daily reported on
Friday. The second line could debut in early 2019, the report said,
and will manufacture the same yearly volume as the first
production line, which is slated to debut in 2017. The addition of the production lines are expected to
increase Suzuki's manufacturing capacity to 2 million cars a
year, the paper said. The new factory in Gujarat will manufacture models such as
the Baleno hatchback, with vehicles for export also being
considered due to Gujarat being a major port, Nikkei said. Suzuki's unit, Maruti Suzuki India, had earmarked
an investment of about 185 billion rupees ($2.77 billion) for
the Gujarat plan in December last year, to set up six production
lines capable of producing 250,000 vehicles each, Reuters
reported in December. Suzuki Motor said vehicles sales in India, its biggest
market, rose 5.2 percent in the April-June period. ($1 = 102.9900 yen)
($1 = 66.6855 Indian rupees)
(Reporting By Aparajita Saxena in Bengaluru; Editing by Stephen
Coates)
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com