Automobile Industries,Automobile Industries sector projects by Maruti Suzuki India Ltd. in
Project Information
5140
Maruti Suzuki India Ltd.
India’s largest car maker, Maruti Suzuki India planning to set up a plant in South Africa to supply vehicles to nearby markets in the region. The company is also eyeing Sri Lanka to set up an assembly plant. The company aims to utilize its steep 7,000 crore Rs cash reserves to expand its foothold globally. Overseas initial costs are dependent of tariff plan of the desired country and the company has enough local resources. Osamu Suzuki has chosen Maruti for global expansion due to its chunks of cash reserves. The company is likely to invest 23,000 crore Rs at the established plant in Gujarat which generates 2 million cars on a yearly basis from eight lines. The factory will commence production in 2015-16 and will release 250,000 units. According to VG Ramakrishnan , the senior director in the automotive practice at Frost and Sullivan said, Suzuki is not conferred with sufficient funds to enable huge investments on a global scale, it would be preferable for Maruti to invest in global plants.
Project Value
Refer document
Conceptual Stage
Not Specified
India
Automobile Industries,Automobile Industries
Disclaimer :
We takes all possible care for accurate & authentic tender information, however Users are requested to refer Original source of Tender Notice / Tender Document published by Tender Issuing Agency before taking any call regarding this tender.
