Maruti Suzuki to invest Rs 45000 crore as part of 'Maruti 3.0' plan

Maruti Suzuki had its 42nd annual general meeting on 29th August. It was disclosed in the meeting that plans are in place to invest Rs 45,000 crore over the course of the next 8 years to double its current production capacity as part of what is being referred to as the “Maruti 3.0” plan. “The era before us is going to be very uncertain, very challenging. It depends on how inflation goes, but at the moment we estimate the cost to be about Rs 45,000 crore for an increase in production by 2 million cars,” Maruti Suzuki India Limited Chairman R C Bhargava said while addressing those who had convened for the event.

This would involve venturing into other domains within vehicle production such as ethanol run vehicles, Compressed Natural Gas (CNG) run vehicles, electric vehicles and hybrid vehicles. There are also plans in place for organisational restructuring in order to achieve these goals. The option of sharing stocks with other board members is being considered. “I accept it will certainly increase the ability of people to trade in shares, because the price of each share at present is around Rs 10,000,” he said during the event.