Maruti Suzuki will commission 8 assembly lines with an annual production capacity of 2, 50,000 units each across 2 new facilities
MSI Chairman RC Bhargava told the publication in an interview the company received approval to add capacity of up to one million units at the Kharkhoda plant. Bhargava further said the company received in-principle approval for another one million units at a new site. Of the total 4 million planned, one million will be from exports and original equipment manufacturers (OEM) sales.
The remaining capacity planned will enable the automaker to achieve its 50 per cent market share, up from 41 per cent in 2022-23. RC Bhargava said: “Our intent is to get back our market share as close as possible to the 50 per cent we have had in the past”. The company is also planning a series of launches in the SUV and electric vehicle (EV) segments.
Maruti Suzuki was also the largest passenger vehicles (PVs) exporter from India for the second year in a row in FY23. The automaker is targeting 7,50,000 exports by the end of the decade, up from 2,59,000 units in the last fiscal.