Home Nation World Business Politics Odd & Weird Region Entertainment Education
Pardaphash Logo
Hindi


With Modi's win, Maruti Suzuki expands in Gujarat




Published by: Shubhanshu Sharma
Published on: Sat, 22 Dec 2012 at 15:05 IST
With Modi's win, Maruti Suzuki expands in Gujarat
New Delhi: Just after the one-sided win of Narendra Modi in the recently ended assembly polls in Gujarat, the automobile giant Maruti Suzuki announced on Saturday that it has started the work on its second project in Gujarat with acquisition of another 600 acres of land. It will be an addition to its existing plan to invest Rs. 4, 000 crore for setting up a plant in the state.

The company also showed the expectations of gaining 6-7 per cent growth in sales during the fiscal year 2013-2014. While, they have acquired 6 per cent rise in vehicle sales in this year.

The country's leading car maker company also confirmed that they will not break into the premium segment of passenger cars in India and will prefer to go with its image of a small car maker.

"We have acquired the two location in Gujarat. The first one was offered to us by the government and this new one is a private land which has been attained by us after some negotiations with the government," said RC Bhargava, Chairman Maruti Suzuki India (MSI).

The company has taken about 600 acres land, which is located about 40 km from the previous site near Mehsana, he added.

"The second location is like a future plan of the company as once the first site gets exhausted, we will move to the preserved one," told Bhargava to the reporters.

In reply to the question that if MSI is shifting its focus from Haryana, where it struggled some labour problems, he said, "We are not going away from Haryana. We have already two plans in the state and we are going to Gujarat after utilizing complete capacity of Gurgaon and Manesar. We will opt for the same action, once sites get exhausted in Gujarat as well."

He added that the company will be celebrating the ground breaking ceremony for the Gujarat facility next year.

He also talked about the company's performance in the current fiscal year and said, "We have noticed 6 per cent growth in car sales in the current fiscal year. Overall, there is a sign of softening in India's car market due to various factors."

"We are hoping to grow 6-7 percent in the next fiscal year as well. The next year is going to be the election year, so, we are not hoping anything harsh to happen," concluded Bhargava.

Narendra Modi completed his hat-trick in Gujarat by grabbing 115 seats in the assembly polls.

Previous
Amitabh Bachchan, Deepika Padukone, Irrfan Khan At Trailer Launch of Piku
Amitabh Bachchan, Deepika Padukone, Irrfan Khan At Trailer Launch of Piku
Pardaphash, Desh Sewa NGO organize special event on Martyrs' Day
Pardaphash, Desh Sewa NGO organize special event on Martyrs' Day
Shahrukh Khan-Kajol starrer Dilwale goes on floor with all boys-brigade | See Gallery
Shahrukh Khan-Kajol starrer Dilwale goes on floor with all boys-brigade | See Gallery
Kendall Jenner shows off sexy curves in topless, nude photographs | See Gallery
Kendall Jenner shows off sexy curves in topless, nude photographs | See Gallery
British bombshell Lucy Pinder ready to sizzle in Bollywood with scorching looks in Warrior Savitri | See Hot Gallery
British bombshell Lucy Pinder ready to sizzle in Bollywood with scorching looks in Warrior Savitri | See Hot Gallery
Hyundai to gift few high-tech cars to Indian roads in near future | See Gallery
Hyundai to gift few high-tech cars to Indian roads in near future | See Gallery
Sofia Hayat raises mercury in Main Hoon Ladki song | See hot Gallery
Sofia Hayat raises mercury in Main Hoon Ladki song | See hot Gallery
Miley Cyrus goes erotic to seduce in nude, topless controversial images | See gallery
Miley Cyrus goes erotic to seduce in nude, topless controversial images | See gallery
Lady Gaga crosses all limits of sensuality in nude, topless images | See Gallery
Lady Gaga crosses all limits of sensuality in nude, topless images | See Gallery
Kim Kardashian sizzles down social media with topless, nude photographs | See Gallery
Kim Kardashian sizzles down social media with topless, nude photographs | See Gallery
Bollywood starlets who went seductive for Peta’s animal welfare campaign | Hot Photographs
Bollywood starlets who went seductive for Peta’s animal welfare campaign | Hot Photographs
Sexy Sunny Leone Grooves in Desi Avatar in Saiyaan Superstar Song from Leela
Sexy Sunny Leone Grooves in Desi Avatar in Saiyaan Superstar Song from Leela
Zoom Holi 2015 Party at Darya Mahal
Zoom Holi 2015 Party at Darya Mahal
Salman Khan's Holi Bash With Family, Friends
Salman Khan's Holi Bash With Family, Friends
Sexy Sofia Hayat plays Holi in Bikini
Sexy Sofia Hayat plays Holi in Bikini
Next

Related Stories:-

BREAKING NEWS
Australia beats New Zealand by 7 wickets to clinch 5th World Cup trophy
World Cup 2015: Australia needs 184 to win against New Zealand
World Cup Final: New Zealand is six down at 153 runs against Australia
World Cup 2015 Final: Grant Elliott completes half ton | New Zealand is 116/3 (28 overs)
Saina Nehwal enters maiden India Open final
 
Opinion Polls
Who do you feel is the best batsman in team India in World Cup 2015?
Virat Kohli
Rohit Sharma
Ajinkya Rahane
Shikhar Dhawan
Suresh Raina
MS Dhoni
Others


Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.004 Seconds




EXCLUSIVE: Azam Khan drives bus; Hits divider, risk hundreds of lives