Maruti May Start Construction of Gujarat Plant Next Quarter
Stock Chart for Maruti Suzuki India Ltd (MSIL)
Maruti Suzuki India Ltd. (MSIL), India’s biggest carmaker by sales volume, may begin building a new factory as early as next quarter, to add capacity and access ports on the nation’s west coast.
The New Delhi-based company will take a final decision on when to begin construction at its next board meeting in April, Chairman R.C. Bhargava said in a telephone interview today, without giving a specific date.
The automaker signed an agreement in June to set up a manufacturing facility in the western state of Gujarat. Production will begin in the 12 months starting April 1, 2015, boosting the company’s total capacity in India to 2 million cars by that fiscal year, Maruti said June 2.
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