Maruti Suzuki to Invest ₹5,000 Crore in Gujarat for Production Expansion

• Maruti Suzuki India's board approved the acquisition of land at Khoraj Industrial Estate, Gujarat, for production capacity expansion.
• The company's existing capacity of 2.4 million units (expandable to 2.6 million) is fully utilized, necessitating an additional 1 million units capacity.
• The land acquisition, development, and preparatory activities will cost ₹49.6 billion, financed through internal accruals and external borrowings.
• The expansion is driven by growing market demand, including exports.
• Maruti Suzuki also signed an MoU with Indian Oil Corporation to establish service facilities at select Indian Oil fuel stations nationwide.

Why It Matters: Maruti Suzuki is investing ₹5,000 crore in Gujarat to boost production by 1 million units due to high demand.