Maruti Suzuki Capex: “Funds would be needed for creating the sales, service and spare parts infrastructure to almost double domestic sales volumes. The infrastructure for exporting the much larger volume of cars will also have to be strengthened. The conversion of production lines to have greater flexibility will need additional capex,” the company stated in its presentation to the shareholders, analysts and proxy advisors.
Maruti Suzuki, India’s largest carmaker, in a regulatory filing on Monday said the company planning to enhance product range to 28 models from 17 currently and expand the production capacity hence it could need a capex of around ₹1.25 lakh crore till 2030-31
Additional capex would be required for the conversion of production lines to have greater flexibility and to enable development work related to internal combustion engines.
The country's top carmaker also believes that parent Suzuki Motor Corp's investment in Gujarat would help in expanding its battery electric vehicles (BEV) range in the country.