The latest development revealed that soon, Maruti Suzuki will be opening a new manufacturing plant in Sonipat, Haryana.
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Maruti Suzuki Settling A New Manufacturing Plant
The information was revealed by Haryana CM, Manohar Lal Khattar further adding that the state government has issued a clearance to the Indo-Japanese carmaker for setting up a new production facility in over 900 acres of land at Kharkhoda in Sonipat district.
Khattar made the announcement during a meeting of the Haryana Enterprises Promotion Center.
He said that the land would be allotted at a cost of Rs 2.96 crore per acre with a concession of 10 percent if the money is paid within 45 days.
Basically, these allowances have been granted under the state GST rules for a period of fifteen years.
Boost In Automotive Sector
This new project is expected to commence in the next 2-3 years with the deal’s finalization.
This move is expected to help Maruti in augmenting its production which already has two factories in Haryana- Gurgaon and Manesar.
With the increase in production, it will also mean a boost in the automotive sector of the country.
Challenges For Maruti Suzuki
So far, Maruti Suzuki is the largest car manufacturer in the country with a yearly market share of nearly 45 percent.
Although, the carmaker continues to face challenges on the production front as it is unable to utilize its full potential in the current facilities due to the ongoing semiconductor chip shortage.
Maruti said that it is facing a negative impact on the production at its two plants located in Haryana and the parent Suzuki factory in Gujarat due to the scarcity of electronic components at the start of this month.
New Launches From Maruti
For more than two years, Maruti has shied away from any new launches.
But it seems that the automaker is readying a whole bunch of new models which will be introduced in the coming few months.
It has started from the new-gen Celerio this month. It will be carried forward with models such as Alto, Baleno, Vitara Brezza and S-Cross, all of them receiving a generation upgrade in the near future.
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