Maruti Suzuki India Invests 20 billion yen ($215 million)

posted by chandramoulesh G K on 9/06/2009 07:38:00 PM | Permalink >> 2 Comments

Maruti Suzuki India Limited is a publicly listed automaker in India. It is a leading four-wheeler automobile manufacturer in South Asia. Suzuki Motor Corporation of Japan holds a majority stake in the company.

Japan's Suzuki Motor said it plans to invest about 20 billion yen ($215 million) to build a new car factory in India, aiming to upgrade its production facilities in the face of growing competition.

The investment will not alter Suzuki's annual production capacity of about 1 million cars in the country because it plans to shift about 250,000 units of capacity from its ageing Gurgaon facility to Manesar.

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