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Maruti may complete land acquisition for Gujarat plant in a month
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Saturday, 17 Dec 2011
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The country's largest car maker Maruti Suzuki India expects to complete land acquisition for a plant in Gujarat in a month but has no immediate plan to start construction work there.

Mr RC Bhargava chairman of Maruti Suzuki India said that they will initiate work at Gujarat plant only when the capacity of its Manesar plant would be fully utilized.

Mr Bhargava said that "Land acquisition process is on and we hope it will be concluded in this month. I don't think we will start work on it for some years from now at least two to three years. We should see the market situation.”

He added that "We will need Gujarat plant when the Manesar plant capacity is fully utilised. So, that depends on how the market grows. So, I can't give a date on this.”

The company has two facilities at Gurgaon and Manesar, both in Haryana, with a collective capacity to manufacture 1.2 million vehicles annually.

(Sourced from ET)

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