Maruti to invest Rs 2,000 crore towards capacity expansion
In a move aimed at cutting down on the waiting period for some of its popular cars, Maruti Suzuki is planning to boost production at its plant in Manesar, Haryana. The company, which will spend more than Rs 2,000 crore towards retooling and capacity expansion, hopes to increase its total production capacity to 10 lakh units per annum by the end of the current fiscal.
In addition to launching a thoroughly revamped Swift (possibly with a K-series 1.2-litre petrol engine replacing the current 1.3-litre unit) by the end of this year, Maruti is also looking at freshening up some of its older cars, including the 800, Wagon R, Alto and Versa. However, contrary to some earlier reports in the media, Maruti still maintains that it has no plans to relaunch the Gypsy with a 1.3-litre diesel engine.
[Via: indiaautomotive]