Maruti Suzuki's Mega Gujarat Plant: 35,000 Crore Investment, 10 Lakh Cars Annually

• Maruti Suzuki, India's largest car manufacturer, will invest 35,000 crore rupees in a new manufacturing plant in Gujarat.
• The new plant aims to increase Maruti Suzuki's annual production capacity by 10 lakh (1 million) vehicles.
• This expansion will add to the company's existing annual capacity of 24 lakh vehicles, bringing the total to 34 lakh.
• Production at the new facility is expected to commence from financial year 2029.
• The Board of Directors approved an initial investment of 4,960 crore rupees for land acquisition, highlighting Gujarat's strategic importance for exports due to infrastructure and port connectivity.

Why It Matters: Maruti Suzuki is making a significant 35,000 crore investment in Gujarat to boost car production by 10 lakh units annually.