Maruti Suzuki to spend over 14K crores as investments in two years

Maruti Suzuki ended 2018 with market share of over 50% and steps up investment and production plans for 2019.


72
12 shares, 72 points

Maruti Suzuki in spite of sales being slower than expected in 2018 and an unusual lukewarm response in the festive season, Maruti Suzuki India Limited ended the preceding year on a positive record with more than 50% market share.

The company has many ambitious plans which include expansion of its already long product lineup, debuting innovative technologies and intensification of plant capacity by investing as high as Rs.14,000 crores The company plans to launch 10-12 new models.

Forthcoming models from the stable of Maruti Suzuki over the next 18 months include the all-new Alto and Celerio. Maruti is also planning to launch the electric version of WagonR which is going to be its first ever electric car for India.

Maruti will also update their entire lineup to meet the forthcoming safety and emission norms. recently, the company had updated its Baleno and had even launched the all-new WagonR.


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72
12 shares, 72 points

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