Business Update14 May 2024, 03:22 pm
Machino Plastics Ltd. lays foundation stone for new automotive parts plant in Kharkhoda, Haryana
AI Summary
Machino Plastics Limited, a joint-venture company of Maruti Suzuki India Limited and Suzuki Motor Corporation-Japan, laid the foundation stone for a new plant in Kharkhoda, Haryana, to provide capacity enhancement and logistics requirements for Maruti Suzuki's new manufacturing plant at IMT Kharkhoda, expected to be commissioned by 2025-26.
Key Highlights
- Machino Plastics Limited laid the foundation stone for a new plant in Kharkhoda, Haryana
- New facility to provide capacity enhancement and logistics requirements for Maruti Suzuki's new manufacturing plant
- Plant will be located at Killa No.57/13, Sahoti- Prahaladpur Road, Tehsil- Kharkhoda, District-Sonipat, Haryana
- Capacity expansion expected to support Maruti Suzuki's volume forecast of 1 million vehicles at Kharkhoda
- Indian automobile industry growing rapidly and expected to maintain momentum, globally recognized as a fast-growing market