Suzuki to invest $970 million in second production line in Gujarat

by SpeedLux
maruti baleno

Japanese automaker Suzuki Motor will invest about 100 billion yen ($970.97 million) in a second automobile production line at its brand-new plant in Gujarat, India, before the operations have started.

The 2nd line might debut in early 2019, the report stated, and will make the exact same annual volume as the very first production line, which is slated to debut in 2017.

The addition of the production line are anticipated to boost Suzuki’s production capability to 2 million vehicles a year, the paper stated.

The new factory in Gujarat will make models such as the Baleno hatchback, with cars for export likewise being thought about due to Gujarat being a significant port, Nikkei stated.

Suzuki’s unit, Maruti Suzuki India, had allocated a financial investment of about 185 billion rupees ($2.77 billion) for the Gujarat strategy in December in 2015, to establish 6 assembly line efficient in producing 250,000 automobiles each.

Suzuki Motor stated cars sales in India, its greatest market, increased 5.2 percent during April-June.

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