Maruti Suzuki Shares Surge 2% on Rs 35,000 Crore Gujarat Plant Investment Plan

• Maruti Suzuki's shares rose 2% to Rs 16,182, becoming the top gainer on the Nifty auto index after announcing a major investment.
• The carmaker plans to invest Rs 35,000 crore in a new manufacturing plant in Gujarat, near Sanand in Ahmedabad district.
• The new plant, located at Khoraj GIDC, will add a production capacity of up to 1 million vehicles annually and is expected to be operational by FY29.
• The Gujarat government announced the project, which could create 12,000 employment opportunities.
• CM Bhupendra Patel handed over an investment letter to Maruti Suzuki MD Hisashi Takeuchi in Gandhinagar for the plant on 1,750 acres of land.

Why It Matters: Maruti Suzuki's Rs 35,000 crore investment in a new Gujarat plant boosts shares and future growth.