One of the leading automobile companies in India, the Maruti Suzuki India Limited (MSIL) has announced that it is planning make a huge investment of Rs. 9,000 crore in India very soon. The company officials have stated that the company would utilize maximum portion of the investment in research and development (R&D), warehousing, marketing, logistics and design. The officials added that the company is also planning for setting up world class R&D, design facility, regional distribution centres and also to have logistics support in India.
According to one of the top officials of the company, the MSIL has already earmarked a corpus of Rs 9,000 crore, that is going to be used primarily to augment production. The sources from the Indian automotive industry have informed that almost every second car sold in India is a Maruti vehicle at the moment. The official added that this fresh investment will be made over a longer period of about eight years, in comparison with three years for some of the earlier investments.
When contacted and requested to make comments on the issue, the Managing Director and CEO of MSIL, Mr. Shinzo Nakanishi said, "We will invest Rs 9,000 crore in India which will be over and above the earlier investment programme announced by the chairman (Osamu Suzuki) last year". He added, "The investment will cover our other round of expenses for setting up a world class R&D and design facility, improving warehousing facilities and marketing channels, upgrading our logistics support and similar ventures, which will improve the companys overall business presence in India".
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| Posted : 3/25/2008 |
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