Maruti Suzuki Recasts FY31 Plans, Starts Rs 35,000 Crore Sanand Plant for 3.65 Million Capacity
Updated
Updated · The Economic Times · Aug 9
Maruti Suzuki Recasts FY31 Plans, Starts Rs 35,000 Crore Sanand Plant for 3.65 Million Capacity
2 articles · Updated · The Economic Times · Aug 9
Summary
Maruti Suzuki said it is re-evaluating its five-year growth targets after stronger post-GST demand led it to project India’s car market at 6.1-6.3 million units by FY2030-31.
Rs 35,000 crore of planned investment has kicked off with construction at a new Sanand plant in Gujarat, adding 1 million units of annual capacity.
Combined with expansions at Kharkhoda and Hansalpur, that buildout would lift Maruti’s installed capacity to 2.9 million units by FY2027 and 3.65 million by FY2031.
1.9 lakh pending bookings have highlighted a small-car supply gap created by earlier production shifts toward SUVs; Maruti said flexible new lines already boosted small-car output in the first quarter.
Separately, the company approved Rs 561 crore for four biogas plants, targets 900,000 CNG vehicle sales in FY27, and plans five new SUVs over the next five to six years.