Maruti Suzuki has some really big plans for the Indian market. The company not only aims to expand its SUV product portfolio and update the existing models, but make a huge investment to setup new production plants in Haryana as well. Recently, the automaker completed the process of allotment of an 800 acres site at IMT Kharkhoda in district Sonipat with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Ltd.).
The first facility, that will have production capacity of 250,000 units per annum, is likely to be commissioned in 2025 subject to administrative approvals. In the first phase, the Indo-Japanese automaker will make an investment of over Rs 11,000 crore. The allotted site has scope for capacity expansion to setup more manufacturing facilities in the future. With the investment announcement, Maruti Suzuki’s share prices jumped by 1.83% (Rs 7231.55 per piece on Monday early trade) on the BSE.
As mentioned above, Maruti Suzuki plans to strengthen its SUV market in the coming years. While the second-generation Maruti Brezza is ready to hit roads in June, the carmaker will foray into the highly competitive mid-size SUV segment during this festive season. The upcoming Maruti SUV will be based on Toyota’s TNGA-B platform and it’s likely to come with features such as ADAS, a HUD unit, a 360 degree camera, connected car tech and a premium audio system.
The Indo-Japanese automaker will bring in its first electric car in 2025 and its new Kharkhoda-based plant will serve as production hub for the EV. The first Maruti Suzuki electric car will measure around 4.2 metres in length and cost above Rs 10 lakh. It could be offered with two batter options – 48kWh and 59kWh – delivering range between 400km and 500km respectively. The model might come with the AWD system.
More details on Maruti Suzuki’s upcoming new SUVs and EVs will be revealed in near future. Stay tuned to IndiaCarNews.