Maruti Suzuki will invest up to Rs 14,000 crore in the next two years for launching new 12 new cars and expansion of the plant capacity
Maruti Suzuki India Ltd, the country’s largest selling carmaker, plans to invest up to Rs 14,000 crore to launch close to 12 new models, new technologies, and expand production facility at its Haryana and Gujarat facilities.
The upcoming investment should help the carmaker revive its sales performance after posting the lowest-ever growth rate in the past five years in the previous calendar year. Maruti Suzuki India Ltd will be seen introducing 10-12 new cars in the next 18 to 24 months. The new products will include facelifts and all-new generations of the existing products.
Speaking on this, a source close to the development has said, “One of the big reasons behind slowing growth in 2018 was the lack of major product action from the company. With the aggressive product line-up for the coming 18-24 months, Maruti will again take the lead in driving growth and excitement in the market.”
The first all-new model from the company will be the new-gen Wagon R that goes on sale on January 23. The next all-new model will come in the form of the production version of the Future S Concept, which will launch around this year’s festive seasons. Next, the company will launch the new-gen Celerio in 2020 along with the electric version of the new-gen Wagon R.
Furthermore, the existing models like the Alto 800, Ignis, Eeco and Super Carry will receive significant updates to meet the upcoming emission and safety norms. The Baleno and Vitara Brezza are also close to receiving a facelift. Also, the latter will get a petrol engine option, while the Ciaz is about to get a new diesel engine.
Maruti Suzuki will even launch a version of the current-gen Toyota Corolla Altis that will be sold through the Nexa channel. The new models should help the carmaker post better growths in the coming years. In the current year, it aims to sell 2 million cars.