financetom
News
financetom
/
News
/
Relocation of Gurgaon manufacturing plant inevitable, says Maruti
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Relocation of Gurgaon manufacturing plant inevitable, says Maruti
Sep 14, 2018 11:17 AM

Country's largest car maker Maruti Suzuki India (MSI) said on Friday relocation of its first plant from Gurgaon to another site is "inevitable" due congestion and traffic hassles.

Representatives of the company had recently met Haryana government officials with a view to finding a new site to relocate the plant, preferably near Manesar where its second plant is located with established vendor base.

"Shifting from existing site (Gurgaon) is inevitable. There is a need to shift from there but when and how and in what manner it will happen, we cannot make any comment at this point," MSI chairman RC Bhargava told PTI.

He declined to share a timeline for shifting the Gurgaon plant, where the company began its India journey in 1983 by rolling out its first model -- the iconic Maruti 800.

At present, the Gurgaon plant rolls out many of the company's popular models, including Alto and WagonR, with an estimated annual capacity of around 7 lakh units.

With the rapid development in Gurgaon, the company now finds its plant in the middle of a bustling city which has made it difficult for trucks carrying raw materials and finished products move in and out of the plant.

Local residents and authorities want congestion issues due to the plant to be addressed.

Besides Gurgaon, MSI has another manufacturing unit in Haryana at Manesar. Both Gurgaon and Manesar currently have a production capacity of 15.5 lakh units per annum.

Its parent Suzuki Motor Corp has also set up a facility in Gujarat. The first line with a capacity of 2.5 lakh units is in full production and the second one will be commissioned early next year.

Work has also started on the third line and the expected commissioning is early 2020. MSI is targeting annual production of 3 million units by 2025.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Loonie declines after aggressive BOC interest rate cut
Loonie declines after aggressive BOC interest rate cut
Nov 3, 2024
The Canadian dollar fell against most major rivals after an aggressive step taken by the Bank of Canada today. The Bank of Canada today announced an interest rate cut of 50 basis points to 3.75% as expected. The BOC expects the global economy to expand by 3% in the next two years, and for the US economic growth to be...
Yen about to mark fresh weekly loss ahead of general elections
Yen about to mark fresh weekly loss ahead of general elections
Nov 3, 2024
The Japanese yen rose in European trade on Friday away from three-month lows against the US dollar, amid active short-covering, while US 10-year treasury yields slowed down. Despite the gains today, the yen is still heading for a weekly loss, ahead of the Japanese parliamentary elections during the weekend, with opinion polls indicating the governing LDP could lose its majority....
US dollar gives up three-month high on profit-taking
US dollar gives up three-month high on profit-taking
Nov 3, 2024
The US dollar fell in European trade on Thursday against a basket of major rivals away from three-month highs, on track for the first loss in four days amid active profit-taking as US 10-year treasury yields stall. Now investors await a batch of important US data later today that will shed light on the health of the US economy in...
Euro about to mark fourth weekly loss in row
Euro about to mark fourth weekly loss in row
Nov 3, 2024
Euro rose in European trade on Friday against a basket of major rivals, moving in a positive zone for the second day against the dollar and edging away from recent 3-⅕ month lows, following strong German data. Despite the gains, the euro is still heading for the fourth weekly loss in a row amid concerns about the interest rate gap...
Copyright 2023-2025 - www.financetom.com All Rights Reserved