Maruti Suzuki going ahead with expansion
Maruti Suzuki India has recently said that it does not plan to cut production despite challenging market conditions and will go ahead with its expansion plans in the coming months. “We do not have any plans to change our production schedule in January 2009. Sales have gone up in December 2008 as compared to the previous month, due to the excise cut and reduction in petrol prices,” MD and CEO, Shinzo Nakanishi said.
He added that the company plans to expand production capacity at its Manesar plant in Haryana to 300,000 units by end-January. It also plans to invest Rs 2,500 crore for increasing diesel engine capacity from 100,000 to 300,000 units to meet growing demand.