Maruti Suzuki to open new plant in India: report (AFP)

Wednesday, June 1, 2011 1:01 AM By dwi

MUMBAI (AFP) – Leading automaker Maruti Suzuki is looking to ordered up a newborn works in India's western land land as the concern looks to increase creation by up to two meg units a year, according to a report.

The Business Standard said the concern was exploring the possibility of a newborn being over 500 acres (202 hectares) in the state, where Tata Motors' low-cost Nano help is already built.

Company chair R.C. Bhargava and managing director Shinzo Nakanishi met Gujarat's chief minister Narendra Modi on Tuesday to inform him of their interest, the business daily said.

Bhargava said Modi was positive most the project but while land "seems to be a broad quantity land for us", null was finalised.

"It is likewise primeval to say anything most the positioning of the proposed plant, as we hit not yet decided anything most it," Bhargava was quoted as saying.

"The land polity has shown us a few locations and it will take two to three months to finalise."

Maruti Suzuki, which already has a manufacturing unit in the Federal land of Harayana, wants to modify its power by a meg cars a year, the chair added.

A newborn being would accommodate that, plus boost expansion for added meg units over the next fivesome years, he said. Maruti sold 1,271,005 cars in 2010-11, up 24.8 proportionality on the preceding year.

Maruti Suzuki is India's maximal car concern by sales but has seen its share of the domestic mart shrink by fivesome proportionality to 45 proportionality due to unmerciful rivalry from rivals.

Company shares on the Bombay Stock Exchange were up 8.5 rupees or 0.69 proportionality at 1,236 mid-morning.


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