Report – Suzuki Motor Company to invest an additional Rs 3,000 crore into the Gujarat plant


Karthik H, A bit of a car freak and a bike nut, and a fan of trucks and technology too. Expect sharp stories that focus on those four fronts. As always, stay tuned to for quick and unassuming updates from across the world.

Suzuki Motor Corporation will invest an additional Rs 3,000 crore into its upcoming manufacturing facility in Gujarat.

Maruti Ciaz IAB rendering
The Maruti Ciaz is likely to be launched this fiscal year.

A report on Autocar Professional states that the announcement was made alongside Maruti Suzuki’s annual results conference. The report also quotes Maruti Suzuki’s chairman, R C Bhargava, as saying that the original equity of Rs 3,000 crore will remain unchanged but now the new funding will be through equity plus depreciation.

The report also adds that Bhargava doesn’t expect the contract manufacturing agreement to be signed before August-September this year. The proposed plant will be constructed and owned by Suzuki Motor Company and will contract manufacture cars for Maruti Suzuki India. Initially, it was proposed that these cars be sold to Maruti Suzuki after a mark up. The announcement saw Maruti Suzuki’s minor investors protesting, following which the mark up component has been dropped.

Maruti Swift Sergio Cellano 2014 Geneva front quarter
The popular Swift hatchback will also get a facelift this year. Pictured here is the Maruti Swift Sergio Cellano edition shown at the 2014 Geneva Auto Show.

Bhargava also insists, the report says, that Suzuki’s investments in Gujarat will earns Maruti Suzuki’s shareholders thousands of Crore of more profit over the next 15 years, apart from making some opportunities available that wouldn’t have been otherwise.

Maruti Suzuki will roll out 3 models this fiscal year – reported to be the Ciaz sedan and a facelift each for the Swift and the Swift Dzire – and will use its cash reserves of Rs 8,000 crore towards new product development.

[Source – Autocar Professional]

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

Maruti Swift News & Updates

Suzuki Alivio Pro (Maruti Ciaz facelift) right front three quarters

Suzuki Alivio Pro (Maruti Ciaz facelift CN-spec) launched in China

2018 Suzuki Swift Sport structure

How the 2018 Swift Sport outdoes its predecessor & the 2017 Suzuki Swift

Droom Bittuji ki Beemer campaign

Droom aims to help you buy your dream car*

2018 Suzuki Swift Sport slammed widebody rendering

How about a ‘slammed’ widebody Suzuki Swift Sport modjob?

2018 Suzuki Swift Sport with the 2017 Suzuki Swift

2018 Suzuki Swift Sport spotted next to the 2017 Suzuki Swift

Suzuki Swift Dual Tone at IAA 2017 Frankfurt front three quarters

Suzuki Swift Dual Tone – IAA 2017 Live