Maruti Suzuki, Subsidiary of Japanese parent OEM Suzuki and leading carmaker in India, is set to build its second automotive manufacturing plant in Gujarat, investing $4.2 billion to increase production capacity by 167%. The company also plans to roll out its first electric vehicle from the same plant by the end of 2024, and is gearing up to meet rising regional and inter-regional demand for both ICEs and EVs.
Maruti Suzuki (Maruti), the Indian arm of Japanese automaker Suzuki motor corporation will build its second automotive manufacturing plant in Gujarat state. Maruti is now the leading carmaker in India; holding the position of market share leader as of the third quarter of 2022. The second vehicle production plant will draw an investment of 350 billion rupees ($4.2 billion), and ramp production capacity up by 167% to produce 2 million vehicles annually.
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