Maruti India mulls medium term investment of Rs 6,000 crore

Maruti Suzuki India is mulling over a medium term investment of around Rs 6,000 crore. A senior official from the company revealed that a part of this investment will be used to build a five vehicle stock yards in the country within a time span of one or two years. Maruti Suzuki Chief General Manager (Marketing) Shanshank Srivastava mentioned that Maruti India opened its first stock yard in Bangalore with a capacity of 2,000 units, the stock yard became operational recently.

See More New Maruti Swift Pictures                                                         Read More on New Maruti Swift

He also addded that the second yard would be located in Nagpur, however the rest of the locations are yet to decided. He also said that there is a possibility that the company might open up a stock yard in Madhya Pradesh. Out of the Rs 6,000 investment amount, Rs 1,800 was spent on the company's second manufacturing plant located in Manesar near Gurgaon which is on its verge to be completed. Maruti India will be opening its third facility in Manesar and around Rs 1,900 crore would be invested to develop the plant.

See More New Maruti Swift Pictures                                                         Read More on New Maruti Swift

The rest of the funds would be utilised in the R&D facility located in Rohtak (Haryana), stock yards and brand centres. Maruti India is contemplating to set up 14 brand centres across the nation, these brand centres would be built in order to showcase the products being made under the company's portfolio. However the locations where these brand centres will be built have not been decided yet.

Read More on : Maruti Swift detailed review