Maruti decides to invest Rs 2,000 crore

Maruti Suzuki India (MSI) decided to invest about Rs 2,000 crore, a part of the Rs 9,000 crore earlier earmarked for Indian operations, in capex and research & development activities this FY. The bulk of this amount would be used in expanding the capacity of its new KB-series engine facility at Gurgaon. It is to be mentioned here that the new engine series is used only on the 'A Star' as of now, but Maruti Suzuki India will gradually strap this engine on to the new models as well as existing cars. The KB-series petrol engine is fuel efficient and light weight, complies with present BS III emission norms and is ready to meet the future norms in India. It also meets the Euro V norms for the export model of A Star.