INDIA REPORT
Under Maruti’s 3.0 Strategy, the company proposes to expand annual capacity by 2 million units within nine years, and it plans to feature 28 distinct models by 2031. The automaker aims to reach an annual production volume of more than 4 million vehicles by 2031. Of this total, approximately 15% (about 600,000 units) will be electric vehicles (EVs), and about 1 million will be hybrid units.
This represents a substantial 75% surge from the current production capacity of 2.25 million units.
Foreseeing a threefold increase in export volume to 750,000 units by FY31, Maruti intends to allocate 3.2 million units for the domestic market. The company envisions hybrids and EVs comprising approximately 40% of this portion, translating to over 1.2 million units.
Source: Autocar India Read The Article
Greenfield Expansion: The company is on track at its Kharkhoda site in Haryana. The first plant with a capacity of 2.5 lakh units will start making cars by the first half of 2025. After that, they’re planning to add a similar plant each year to reach a total capacity of one million units. They’re also looking for another place to add one million more units by the fiscal year 2030-31. This step-by-step approach shows how the company is carefully planning to grow and adapt to the changing needs of the market.
Maruti Suzuki India has strategically established its foothold in pivotal electrification and export-oriented initiatives in Gujarat with plans to acquire Suzuki Motor Corp.’s plant in Gujarat. This strategic course entailed acquiring shares from its parent entity, Suzuki of Japan. The imminent surge in investments within Gujarat can be traced to the operation’s dedicated emphasis on emerging technologies, namely electrification and biogas.
The ongoing collaboration with Amul for the biogas project, although in its infancy, underscores the company’s commitment to pioneering endeavors. This deliberate strategy is poised to enhance the region’s business landscape by fostering innovation and economic advancement. PSR
Aditya Kondejkar is Research Analyst – South Asia Operations for Power Systems Research
