Home Nation World Business Politics Odd & Weird Region Entertainment Education
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.

Lucknow Mahotsav begins
Madhuri Dixit visits Lucknow to dedicate Literature Carnival to Child Rights
Akhilesh Yadav launches Modern Police Control Room, 1090 app for better UP
Kim Kardashian Exposes Deep Cleavage at Perfume Launch Event in Melbourne
Hot South Actress Nayanthara
Salman Khan, Shahrukh Khan reunite for sister Arpita Khan
Kim Kardashian strips for top Magazine Covers
Sensational Poonam Pandey in Viru's 'Malini & Co'
Kim Kardashian flaunts nudity for PAPER magazine
Sunny Leone defines sexiness in Saree
Nandna Sen, Randeep Hooda passionate love making images from Rang Rasiya
Fire engulfs cracker market at Dussehra Ground in Faridabad
Tamanchey stars Richa Chadda, Nikhil Dwivedi promote their film in Lucknow
Samajwadi Party's National Convention Day 2014
UP CM Akhilesh Yadav lays foundation stone of Lucknow Metro
>>

Related Stories:-


Opinion Polls
Bigg Boss 8: Who should be evicted this week?
Upen Patel
Sonali Raut
Renee Dhyani
Ali Quli Mirza
Praneet Bhatt

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 : 0.009 Seconds




EXCLUSIVE: Uttar Pradesh marching on path of development: Alok Ranjan (INTERVIEW)