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Maruti Suzuki India Ltd Buys Land For Four Plant-Business Standard


Sunday, 27 Jan 2013 08:31am EST 

Business Standard reported that Maruti Suzuki India Ltd has purchased land in Gujarat for its fourth plant, the Nikkei business daily said on January 27,2013. The Company purchased the land for a new factory with capacity of about 750,000 units a year. The fourth plant is slated to begin production in 2017 at the earliest and help expand exports to Europe and the Middle East. Maruti Suzuki is set to begin work by March on its third plant in Mehsana district, also in Gujarat, with production to begin in 2015. Financial terms of the transaction were not disclosed. 

Company Quote

2506.6
6.95 +0.28%
25 Jul 2014