Under “Maruti 3.0,” Maruti Suzuki India intends to release about 28 vehicles in the market by 2030–2031. Along with this, the corporation plans to surpass its existing manufacturing capacity by increasing its production capacity to 20 lakh units. In order to raise its yearly manufacturing capacity to 40 lakh units in 8 years, the company was informed that it will invest approximately Rs 45,000 crore.
At the firm’s annual general meeting on Tuesday
Maruti Chairman RC Bhargava stated, “The company has achieved manufacturing and sales of 2 million vehicles in 40 years. In the upcoming eight years, an additional 2 million units are planned to be built. The years ahead of us will be very tough and uncertain, he declared. To build a facility that can accommodate 20 lakh cars, we will need to spend about Rs 45,000 crore. However, inflation will be a factor.
According to him, under “Maruti 3.0,” the company
intends to release roughly 28 new models by 2030–2031. Therefore, Maruti Suzuki will be highly active over the next few years. In order to compete with Maruti Suzuki, other automakers like Tata and Mahindra will inevitably need to release a large number of new models. There are also numerous Tata and Mahindra goods in development.
According to Bhargava,
The global auto industry is working towards achieving net zero carbon emissions, and Maruti Suzuki is encouraging the use of technologies including electric vehicles (EV), hybrids, compressed natural gas (CNG), and ethanol-blended vehicles. According to him, it is now challenging to forecast what will happen in terms of new technologies over the course of the next 8–10 years.
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