Maruti Suzuki increases Manesar plant capacity by one lakh units

Shares of Maruti were trading 0.71% higher on Tuesday. The stock has returned over 25% since the beginning of 2024 and has risen over 51% in the last one year.

Maruti stated that the new assembly line has been added to the existing Plant-A of the three manufacturing plants at Manesar. Cumulatively, the Manesar facility has contributed over 95 lakh units in Maruti Suzuki’s 3 crore production milestone. Several vehicles like Brezza, Ertiga, XL6, Wagon R, Dzire, S-Presso, Ciaz and Celerio are manufactured at this facility, it stated.

Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India said the company aims to double its capacity in the coming times. “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 23.5 lakh units per annum,” Takeuchi stated.

The Manesar facility was inaugurated in February 2007 with the start of Plant A. With increasing demand, the company added Plant-B in 2011 and Plant-C in 2013, the release said.

In March 2024, Maruti Suzuki sold a total of 1.87 lakh units. Total sales in the month include domestic sales of 1.56 lakh units, sales to other original equipment manufacturers (OEMs) of 4,974 units and exports of 25,892 units, the company had announced earlier.

Maruti Suzuki is scheduled to report its fourth quarter results on April 26.