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Maruti Suzuki To Invest Rs 18,000 Crore In Setting Up New Factory In Haryana; To Produce One Million Units Annually
Maruti Suzuki, the biggest carmaker in India, accumulates around 23 per cent of their annual sales from diesel cars. (Representative Image) (Photo by Pradeep Gaur/Mint via Getty Images)
Automotive manufacturer Maruti Suzuki is set to invest Rs 18,000 crore at a new factory in Haryana and aims to manufacture about one million units on an annual basis. This new unit, which was postponed owing to the Covid-19 pandemic, will be replacing the company’s first factory that was situated in Gurugram.
It will be spread across an area of around 700-1000 acres, and the company’s chairman R C Bhargava assured that they were negotiating with the Haryana state government regarding its newly introduced policy reserving jobs in the private sector for the local population.
“We have a plan to invest Rs 17,000-18,000 crore. The total capacity that we are planning is between 7.5 lakh and 10 lakh cars per annum. This is the scale that we are looking at,” Bhargava’s confirmation with respect to this new development was quoted in an article by the Business Standard.
The Haryana State Employment of Local Candidates Act, 2020 makes way for a whopping 75 per cent reservation of local people in private sector jobs in the state where the salary is less than Rs 50,000 a month.
Bhargava expressed concern at this provision but assured that Maruti is asking the state government to work out a solution that will benefit the involved stakeholders mutually.
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