Business Update12 Jan 2026, 10:02 am
Maruti Suzuki India Ltd. Gets Board Approval for Land Acquisition and Capacity Expansion of 1 Million Units
AI Summary
Maruti Suzuki India Ltd. has received board approval for the acquisition of land at Khoraj Industrial Estate from Gujarat Industrial Development Corporation for capacity expansion. The existing capacity is around 24 Lac units per annum, which is fully utilized. The proposed capacity addition is up to 1 million units, with the cost of land acquisition, development and preparatory activities approved by the board being Rs 4960 crores. The mode of financing will be a combination of Internal Accruals & External Borrowings. The rationale behind this expansion is the growth in market demand including exports.
Key Highlights
- Maruti Suzuki India Ltd. receives board approval for land acquisition at Khoraj Industrial Estate
- Proposed capacity expansion of up to 1 million units
- Existing capacity is fully utilized at 24 Lac units per annum
- Land acquisition, development and preparatory activities cost approved by the board is Rs 4960 crores
- Mode of financing is a combination of Internal Accruals & External Borrowings