Maruti Suzuki India Limited to expand capacity by 1 Million vehicles per year

The Board of directors of Maruti Suzuki India Limited in its meeting held today, in principle approved the creation of additional capacity of upto one million vehicles per year.

The total existing capacity is around 13 Lac units in Manesar and Gurugram. In addition, the Company is supplied vehicles by Suzuki Motor Gujarat Private Limited (SMG) under the Contract Manufacturing Agreement. The existing capacity of 13 Lac units is fully utilized.

The rationale behind the above expansion is growth in market demand including exports.

Shares of Maruti Suzuki India Limited was last trading in BSE at Rs. 8503.15 as compared to the previous close of Rs. 8481.30. The total number of shares traded during the day was 15699 in over 3504 trades.

The stock hit an intraday high of Rs. 8550.00 and intraday low of 8435.05. The net turnover during the day was Rs. 133448237.00.

Source : Equity Bulls

Keywords

MarutiSuzukiIndia INE585B01010 CapacityExpansion 1MillionVehicles