Maruti Suzuki to Invest ₹35,000 Crore in New Gujarat Plant, 1 Million Cars Annually

• Maruti Suzuki will invest approximately ₹35,000 crore (about $3.9 billion) to establish a new plant in Khoraj, Gujarat.
• The new facility aims to boost Maruti Suzuki's annual production capacity by 1 million vehicles, starting production from financial year 2029.
• This expansion will increase Maruti Suzuki's total annual production capacity to approximately 2.4 million vehicles.
• The investment addresses India's growing car demand and supports increased manufacturing for export, solidifying India's position as the world's third-largest car market.
• The company's board approved an initial ₹49.6 billion for land acquisition, signaling a major step in Maruti Suzuki's future expansion.

Why It Matters: Maruti Suzuki's ₹35,000 crore investment in Gujarat will add 1 million cars annually, boosting India's auto sector.