Maruti Suzuki Board Approves Rs 4,960 Crore Land Acquisition for Production Expansion

• Maruti Suzuki India's board approved a Rs 4,960 crore investment for land acquisition at Khoraj Industrial Estate, Gujarat.
• The acquisition aims to expand production capacity by up to one million units to meet growing market demand and exports.
• Current installed capacity is 2.4 million units annually across plants in Gurugram, Manesar, Kharkhoda, and Hansalpur.
• The expansion aligns with Maruti Suzuki's strategy to localize battery manufacturing and strengthen India's EV ecosystem.
• Suzuki Motor Corporation plans to invest $8 billion in India, aiming to make it a global EV production hub.

Why It Matters: Maruti Suzuki invests Rs 4,960 crore in land for significant production capacity expansion and EV push.