Maruti to invest $ 1.7 billion

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New Delhi, Oct 31, 2007 : Maruti Suzuki India Ltd has announced a fresh investment of $1.7 billion to achieve its target of producing one million cars by 2010-11. The bulk of Maruti"s fresh investment will be in a research and development facility, for which the company has applied to the Haryana government for 500 acres near Manesar.

Meanwhile the company has reported 26.95 per cent increase in its net profit for the second quarter ended September 30 at Rs 466.5 crore as against Rs 367.44 crore in the corresponding quarter last fiscal.

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