Maruti Suzuki adds new line, boosts manufacturing capacity by 4.5%
Maruti Suzuki India (MSIL) announced on Tuesday that it has added a new assembly line at its plant in Manesar, Haryana, which has increased the company’s total manufacturing capacity from 2.25 million units to 2.35 million units.
“The new vehicle assembly line has the capability to manufacture 100,000 units per annum…Several best-selling vehicles like Brezza, Ertiga, XL6, Wagon R, Dzire, S-Presso, Ciaz, and Celerio are manufactured at this (Manesar) facility,” the company stated.
Hisashi Takeuchi, Managing Director and Chief Executive Officer (CEO) of Maruti Suzuki India, stated, “We aim to nearly double our capacity to 4 million vehicles per annum over the next 7-8 years, and this capacity addition of 100,000 vehicles per year is a step towards this goal. It will help us serve our customers faster and enhance our overall capability to manufacture up to 2.35 million units per annum.”
Maruti Suzuki India is the leader in the Sport Utility Vehicle (SUV) segment. The SUV segment’s share of the total Indian Passenger Vehicle (PV) market rose from 40.1 per cent in 2021-22 to 43 per cent in 2022-23, and further increased to 50.4 per cent in 2023-24. “This share is expected to stand at approximately 54-55 per cent by the end of 2024-25,” Shashank Srivastava, Executive Committee Member of Maruti Suzuki India, told reporters on April 1.
He stated that the auto industry is expected to see a single-digit volume sales growth in 2024-25.
First Published: Apr 09 2024 | 7:02 PM IST