Maruti has denied that its decision to establish a new factory in Gujarat has anything to do with the recent industrial unrest at Manesar in Haryana.
It has also said that its planned investment of over Rs 3,400 crore in Haryana was on course.
In a clarification to the stock exchanges, Maruti said its board had approved the purchase of land in Gujarat for “future capacity requirements’’. Logistics for reaching the finished cars to the domestic markets in West and South India and close proximity of Mundra port for exports “played an important role in the decision’’.
The company said that its investment plans for Haryana were intact including installation of 2.5 lakh capacity assembly line in Manesar (Manesar-C), a world class R&D Centre and test course in Rohtak for which it has lined up direct investment of over Rs 3,400 crore.
Apart from Maruti’s investment, its vendors and joint venture partners would continue to make appropriate investments for expansion in the future, the statement added.