Maruti to launch more SUVs, to invest 7,000 crore till March

Maruti Suzuki launched Brezza and Grand Vitara SUVs earlier this year. After acing the small car segment, India's largest carmaker now plans to focus
...
Maruti Suzuki is planning to step up its SUV offensive in coming days investing more funds to develop new models besides Brezza and Grand Vitara.
Maruti Suzuki is planning to step up its SUV offensive in coming days investing more funds to develop new models besides Brezza and Grand Vitara.

India's largest car manufacturing company Maruti Suzuki India Limited is planning to step up its game in the SUV segment in coming days. The carmaker has announced it will invest more than 7,000 crore this year which will be used for development of new SUV models besides other areas. Maruti had made its SUV plans clear when it launched the new generation Brezza earlier this year. The Grand Vitara was one of the biggest launches from Maruti Suzuki just before the festive month. Among the upcoming SUV, Maruti is reportedly planning a three-row SUV as well.

Maruti's 7,000-crore investment will also be utilised to construct its newest facility near Sonipat, Haryana. Maruti had announced an investment of 11,000 crore in the first phase of the Sonipat facility. The facility located in Kharkhoda will be its third factory in the country. Maruti aims to make it operational in the next three years and expects to produce around 2.5 lakh units annually in the first phase.

Also check these Cars

Find more Cars
Maruti Suzuki Xl5 (HT Auto photo)
UPCOMING
Engine Icon998 cc FuelType IconPetrol
₹ 5 Lakhs
Alert Me When Launched
Maruti Suzuki Swift (HT Auto photo)
Engine Icon1197 cc FuelType IconPetrol
₹ 6.49 - 9.64 Lakhs
Compare
View Offers
Maruti Suzuki Baleno (HT Auto photo)
Engine Icon1197.0 cc FuelType IconMultiple
₹ 6.61 - 9.88 Lakhs
Compare
View Offers
Maruti Suzuki Dzire (HT Auto photo)
Engine Icon1197.0 cc FuelType IconMultiple
₹ 6.51 - 9.39 Lakhs
Compare
View Offers
Maruti Suzuki Xl6 (HT Auto photo)
Engine Icon1462.0 cc FuelType IconMultiple
₹ 11.61 - 14.77 Lakhs
Compare
View Offers
Maruti Suzuki Ignis (HT Auto photo)
Engine Icon1197.0 cc FuelType IconPetrol
₹ 5.84 - 8.25 Lakhs
Compare
View Offers

Maruti currently manufactures over 22 lakh cars every year at its existing facilities in across the country, including the Suzuki facility in Gujarat. The Manesar and Gurugram plants in Haryana roll out around 15.5 lakh units annually.

Ajay Seth, Chief Financial Officer at Maruti Suzuki, said, "All the new model launches that we are doing where we have to have the investment on toolings, et cetera, I think that will be another large piece of capex. So, these are two areas where the capex will be maximum."

"Going forward, the company will strive to further strengthen its SUV portfolio to dominate the SUV segment, just like all other segments," he added. Seth said Maruti is now keen to bring in more models in the SUV segment after the success of both Brezza and Grand Vitara.

Supply chain issues affected Maruti's production this year. It failed to manufacture around 35,000 cars in the current year due to electronics component shortages. Maruti currently has a backlog of 4.12 lakh vehicles at the end of second quarter. Its latest models, which also include Brezza and Grand Vitara, have pending bookings of around 1.3 lakh.

First Published Date: 04 Nov 2022, 16:47 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.