Carmaker Maruti Suzuki plans to invest up to Rs 18,000 crore for a new factory in Haryana to make a peak million units annually, R C Bhargava, the company’s chairman, has told 'Times of India', adding the company had "sort out" concerns about the state’s policy to reserve jobs in the private sector.
The proposed unit may be spread over 700-1,000 acres and would replace the company’s first factory in Gurugram. The coronavirus pandemic had delayed plans for the new factory.
“We have a plan to invest Rs 17,000-18,000 crore. The total capacity that we are planning is between 7.5 lakh and 10 lakh cars per annum. This is the scale that we are looking at,” Bhargava said, adding the company “would like to shift quickly” to the new location.