Maruti to invest Rs1, 925 crore in sixth plant

Maruti Suzuki is planning a fresh investment of Rs1,925 crore (US$417.93 million) in its proposed sixth plant that will help the firm produce an additional 2.5 lakh cars by 2013, according to Osamu Suzuki, chairman and chief executive officer of Suzuki Motor Corp. After the proposed expansion at Maruti Suzuki, which is majority owned by Suzuki, it will become the Japanese parent company’s biggest production base, overtaking Suzuki’s facilities in Japan and China. (September 7, 2010)