To Add 2 Million Units Per Annum Capacity in 9 years, Says RC Bhargava
R.C. Bhargava, the Chairman of Maruti Suzuki India, recently announced plans to expand the company’s production capacity by 2 million units per annum over the next nine years. This ambitious plan comes in response to the growing demand for Maruti Suzuki’s vehicles in the Indian market and aims to solidify the company’s position as the leading automaker in the country.
Speaking at the company’s annual general meeting, Bhargava emphasized that the additional capacity is necessary to ensure that Maruti Suzuki can meet the increasing demand for its cars. He highlighted the success of the recently launched Nexa range, which has been well-received by consumers and contributed significantly to the company’s growth. The plan to add 2 million units per annum reflects Maruti Suzuki’s commitment to remain at the forefront of the Indian automobile industry.
The expansion will be carried out in a phased manner, spread over nine years. Bhargava explained that the company aims to diversify its manufacturing to different locations in India, which will help in reducing logistics and transportation costs. This expansion will also generate employment opportunities in the regions where the new manufacturing facilities will be established.
It is important to note that this strategic move aligns with the Indian government’s “Make in India” campaign, which prioritizes domestic manufacturing and aims to position the country as a global manufacturing hub. Maruti Suzuki, being a key player in the Indian automobile industry, is well-placed to contribute to this vision and drive economic growth.
The plans underscore Maruti Suzuki’s optimism about the future of the Indian automobile industry, despite the current challenges posed by the COVID-19 pandemic. The company believes that with the right strategies and investments, it can capitalize on the opportunities presented by a growing middle class and increasing disposable incomes.
Overall, Maruti Suzuki’s goal to add 2 million units per annum reflects its determination to reinforce its leadership position in the Indian market. This expansion plan will not only aid in meeting the rising demand for their vehicles but will also contribute to India’s goal of becoming a global manufacturing powerhouse.
