ENA Sectors 2024-04-10 15:31:09 <p><span style="font-size:14px"><strong>New Delhi, Apr 10 (KNN)</strong> Maruti Suzuki India (MSIL), the country's largest carmaker, has announced a significant expansion of its manufacturing capabilities.</span></p> <p><span style="font-size:14px">The company has added a new assembly line at its Manesar plant in Haryana, increasing its total production capacity from 2.25 million units to 2.35 million units per annum.</span></p> <p><span style="font-size:14px">The new vehicle assembly line, with an annual capacity of 100,000 units, will manufacture several of Maruti Suzuki's best-selling models, including the Brezza, Ertiga, XL6, Wagon R, Dzire, S-Presso, Ciaz, and Celerio.</span></p> <p><span style="font-size:14px">Maruti Suzuki operates three manufacturing plants across India. The Gurugram facility in Haryana has a capacity of 700,000 units per annum, while the Hansalpur plant in Gujarat can produce 750,000 units annually.</span></p> <p><span style="font-size:14px">With the addition of the new line, the Manesar plant's capacity now stands at 900,000 units per annum.</span></p> <p><span style="font-size:14px">Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India, stated, We aim to nearly double our capacity to 4 million vehicles per annum over the next 7-8 years, and this capacity addition of 100,000 vehicles per year is a step towards this goal. It will help us serve our customers faster and enhance our overall capability to manufacture up to 2.35 million units per annum. </span></p> <p><span style="font-size:14px">Maruti Suzuki is the leader in the Sport Utility Vehicle (SUV) segment, which has been witnessing significant growth in India.</span></p> <p><span style="font-size:14px">The SUV segment's share of the total Indian Passenger Vehicle (PV) market increased from 40.1 per cent in 2021-22 to 43 per cent in 2022-23 and further rose to 50.4 per cent in 2023-24.</span></p> <p><span style="font-size:14px">According to Shashank Srivastava, Executive Committee Member of Maruti Suzuki India, this share is expected to reach approximately 54-55 per cent by the end of 2024-25.</span></p> <p><span style="font-size:14px">Srivastava also stated that the auto industry is expected to see single-digit volume sales growth in 2024-25.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37369 https://knnindia.co.in/news/newsdetails/sectors/maruti-suzuki-expands-manufacturing-capacity-to-235-million-units-annually 2024-04-10 15:31:09 knnindia.co.in