Mumbai, Jan 12: Despite challenging market conditions, Maruti Suzuki Private Limited has decided not to cut production. Maruti has also planned to go ahead with its expansion in months ahead, a Maruti top official said.
"We are not seeking any production cut and have no plans to change production schedule in January. The sales have gone up in December, 2008 as compared to the previous month owing to excise cut and reduction in petrol prices," Maruti's Managing Director and CEO, ShinzoNakanishi said.
"The company has plans to expand its production capacity of its Manesar plant in Haryana to 300,000 units by end-January," he said.
"Our car manufacturing capacity at Manesar will reach three lakh units this month from 1.7 lakh in Jan 2007," Nakanishi said. Commenting on the capex plans, Nakanishi said, "We have committed an investment of Rs 9,000 crore, of which we have already invested Rs 6,000 crore to fuel the business growth."
"The company proposes to invest Rs 2,500 crore for increasing diesel engine capacity from 100,000 to 300,000 units," a company official said.
OneIndia News (With inputs from Agencies)