Suzuki to complete first phase of new plant in India by 2029

Group 1 - Suzuki Motor Corporation announced the construction schedule for its second plant in Gujarat, India, following a land acquisition of INR 50 billion (US$ 532 million) by Maruti Suzuki India Limited [1] - The first production line at the new plant will have an annual production capacity of 250,000 vehicles, with operations set to begin in 2029, and the potential to expand capacity to a maximum of 1 million units [2] - The total investment for the first production line is expected to be INR 102 billion (US$ 1.1 billion), covering plant buildings, production equipment, and common infrastructure [2] Group 2 - The new plant is being constructed in response to anticipated growth in the Indian automobile market and aims to increase exports in line with the government's "Make in India" initiative [3] - Gujarat was chosen for its well-developed supply chain and infrastructure, as well as its proximity to ports, which facilitates supply to both domestic and overseas markets [3] - Sanand offers excellent access to highways and railway networks, enhancing logistical efficiency for the new plant [3]