Maruti Suzuki to invest $4.2bn for new India plant

Company aims to increase capacity as competition heats up

20240110 Maruti Suzuki

Maruti Suzuki aims to start operation at the new plant in Gujarat by the fiscal year ending March 2029. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- India's largest carmaker Maruti Suzuki will invest 350 billion rupees ($4.2 billion) to build a new factory in the western state of Gujarat, as local and global rivals turn up the heat with aggressive expansion plans.

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