Maruti Suzuki India, the country’s largest passenger carmaker, on Wednesday said it will invest ₹4,000 crore this year on new product developments and plant renovations.
“We will invest around ₹4,000 crore in developing new products and modifications of the factories (in Haryana) this year,” Kenichi Ayukawa, Managing Director and Chief Executive Officer, Maruti Suzuki India, told BusinessLine on the sidelines of the Auto Expo here.
On the first day of the Expo, the company announced it would work towards alternative fuel models and electrification of its future models to contribute to environment safety.
‘Mission Green Million’
The company aims to sell around one-million cars of smart hybrid, strong hybrid and electric vehicles in this decade.
“Mission Green Million is our commitment to bring advanced powertrain technologies for Indian customers. In this mission, ‘Make in India’ will be our core philosophy. S-CNG and Smart Hybrid technologies on Maruti Suzuki cars have seen huge acceptance by customers,” Ayukawa said.
He said the company has complete faith in the future of the Indian automotive market and will accelerate its efforts for electrification of powertrains, with a technology agnostic approach.
“Our endeavour will be to offer realistic solutions for mass acceptance by customers,” he said.
Gujarat plant
On the Gujarat plant, he said it was delayed a bit in terms of completion, but is now on schedule and on track to expand the capacity by 2.5 lakh units to 7.50 lakh units this year.
On the partnership with Toyota, Ayukawa said that all works were progressing as planned and products would start rolling out in the near future.
He said rolling out of the new Brezza by Toyota this year, and branding it, would also depend on when Toyota decides to launch the vehicle.
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