New Delhi, Oct 23 (UNI) Suzuki Motorcyles India Pvt Ltd (SMIL), a subsidiary of Japan-based Suzuki Motor Corpoartion, today said it will infuse Rs 150 crore by next fiscal-end as part of its expansion plans in the country.
''We will invest Rs 150 crore by March 2010 for capacity expansion and product introduction,'' company Vice President (Sales and Marketing) Atul Gupta told reporters here.
The two-wheeler manufacturer has already spent Rs 400 crore to raise the annual production capacity level to 1,70,000 units and it will further invest Rs 100 crore to increase the capacity to 2,50,000 units, he said.
The company's Gurgaon plant has the production capacity of 1,10,000 scooters and 60,000 motorcycles, which will be scaled to 1,60,000 units of scooter and 90,000 units of motorcycle.
''Also, we will invest Rs 50 crore for product introduction, including marketing and advertising,'' he added.
The company also plans to launch two motorcycles every year, primarily in the above 125cc segment.
''We plan to meet you (journalists) twice every year,'' he said.
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