Maruti Suzuki India (MSI) on Wednesday said its Gujarat-based unit has crossed 30 lakh cumulative production milestone.
Suzuki Motor Gujarat (SMG) has surpassed the milestone within a span of around 6 years and 11 months since commencing operations in February 2017, MSI said in a statement.
SMG has an annual production capacity of 7.5 lakh units and the vehicles manufactured at the plant are sold in both domestic as well as export markets.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"With the acquisition of Suzuki Motor Gujarat, we are further enhancing our production flexibility. The production of our battery electric vehicles will also be undertaken at the Gujarat plant and is expected to start in FY 2024-25," MSI MD and CEO Hisashi Takeuchi stated.
Currently, the facility rolls out some of the popular models like Swift, Baleno, Dzire and Fronx.
Around 50 per cent of the total vehicles exported by Maruti Suzuki in FY2022-23 were manufactured at SMG, Takeuchi noted.
MSI board recently approved the acquisition of SMG from Suzuki Motor Corporation (SMC), Japan.
SMG, previously a wholly-owned subsidiary of SMC, is now under Maruti Suzuki ownership.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
