In one of the fundraising events, Suzuki Motor Corporation is all set to invest in the second vehicle production line in Gujarat which is most likely to be a new plant. Even before the production works, the investment got confirmed on Friday from the Japanese conglomerate which is more or less settling down to 100 billion Yen.
The production may start functioning from early 2019 thus manufacturing cars in the very same year wherein cars manufacturing from the first production line might debut from 2017 itself. The declared production line will help in doubling up manufacturing of cars from present demand and sell to almost 2 million cars per annum. AS of now, the production unit in Gujarat will manufacture cars such as Baleno hatchback and series, with a motive to export in other countries from the same source.
The first productionline of the manufacturing plant in Gujarat witnessed an investment of 2.77 billion USD in December 2015 of which it will start its manufacturing process from 2017. The first line of production unit comprises of 6 plants which are capable of producing as many as 2,50,000 cars at a time from a single plant. The first plant is spread over 600 acres of land. The respective manufacturing fell in the fate of Gujarat after the company faced a serious bout of violence in earlier proposed venue in Haryana.
Considerably the nation’s biggest manufacturing plant, the second production line is most likely to have more than 6 units henceforth having the ability to produce more or less 4,00,000 cars on daily basis from each plant. The proposed investment will help in increase in sales of Suzuki India as it earlier made a huge success in terms of sales during the April-June period thus rising up to5.2% as compared to its previous sale graphs.
Nikkei Indexes stood at 16,905.36 at the Tokyo Stock Exchange facing a depreciation of 1.34% by 229.32 points from Suzuki Motor Corp. The shares opened at 16,964.50 but soon rolling down 16,801.98 thus finally settling at 16,898.66 points at 3:00p.m.
