NEW DELHI: The country's greatest carmaker Maruti Suzuki India (MSI) will invest Rs four,000 crore in the next fiscal on capital expenditure, together with construction of latest products, the company's Managing Director Kenichi Ayukawa mentioned today.
The corporate may be targeting but some other 12 months of double digit enlargement in the next monetary 12 months, very similar to what it expects in the ongoing fiscal, he mentioned.
"It will be Rs 4,000 crore," Ayukawa advised PTI when requested concerning the corporate's capex for 2018-19.
Elaborating on the corporate's planned investments all over the following fiscal, he mentioned: "It will be utilised for new product development, engineering, maintenance of plants and network development."
The corporate is expected to release 4 new products, together with the upcoming new Swift, in the next 12-18 months.
Commenting on the corporate's network enlargement programme, he mentioned the target is to succeed in 5,000 sales and service outlets through 2020.
"These will be under both the Arena and Nexa chains," Ayukawa added.
At provide, the company has 2,098 conventional outlets which are in the process of being converted to its new retail channel Arena, 289 outlets of top class chain Nexa and 162 for its industrial cars.
On a mean, the company adds at least 200 new sales outlets annually to improve its reach and penetration. MSI's network has grown from about 1,200 outlets in FY12-13.
When requested concerning the corporate's enlargement expectations in the new fiscal, Ayukawa mentioned the company is expecting 2018 to be better than 2017.
"I believe the market is growing more than 2017 so we will try to keep our growth at the same level of the market at least (in the next fiscal)," Ayukawa mentioned.
In the April-December period this fiscal, MSI's home sales grew through 15.5 according to cent at 12,26,418 gadgets as towards 10,61,873 gadgets in the year-ago period.
Ayukawa mentioned in 2019, Suzuki's Gujarat plant will reach overall production capacity of round 5 lakh gadgets from its two strains there, that will assist ease power on Maruti Suzuki to meet marketplace demand.
"At the beginning of 2019 second unit at Gujarat plant will start and maybe in six months it will have full production of 2.5 lakh units," he mentioned.
In 2018-19, the company is expecting 2.5 lakh gadgets from the Gujarat plant.
He mentioned even at the corporate's present vegetation at Gurgaon and Manesar in Haryana, MSI has been ready to strengthen volumes through round 5 according to cent via productivity enhancement. The two vegetation in Haryana produce round 1.5 million vehicles annually.
"I think we will try to find further room for improvement there," Ayukawa mentioned. With production of the new Swift to be totally shifted to Gujarat, he mentioned the company can have extra space for Baleno production at Manesar.
"Swift is the only model at present which we will be producing only at Gujarat," he added.
The corporate may be targeting but some other 12 months of double digit enlargement in the next monetary 12 months, very similar to what it expects in the ongoing fiscal, he mentioned.
"It will be Rs 4,000 crore," Ayukawa advised PTI when requested concerning the corporate's capex for 2018-19.
Elaborating on the corporate's planned investments all over the following fiscal, he mentioned: "It will be utilised for new product development, engineering, maintenance of plants and network development."
The corporate is expected to release 4 new products, together with the upcoming new Swift, in the next 12-18 months.
Commenting on the corporate's network enlargement programme, he mentioned the target is to succeed in 5,000 sales and service outlets through 2020.
"These will be under both the Arena and Nexa chains," Ayukawa added.
At provide, the company has 2,098 conventional outlets which are in the process of being converted to its new retail channel Arena, 289 outlets of top class chain Nexa and 162 for its industrial cars.
On a mean, the company adds at least 200 new sales outlets annually to improve its reach and penetration. MSI's network has grown from about 1,200 outlets in FY12-13.
When requested concerning the corporate's enlargement expectations in the new fiscal, Ayukawa mentioned the company is expecting 2018 to be better than 2017.
"I believe the market is growing more than 2017 so we will try to keep our growth at the same level of the market at least (in the next fiscal)," Ayukawa mentioned.
In the April-December period this fiscal, MSI's home sales grew through 15.5 according to cent at 12,26,418 gadgets as towards 10,61,873 gadgets in the year-ago period.
Ayukawa mentioned in 2019, Suzuki's Gujarat plant will reach overall production capacity of round 5 lakh gadgets from its two strains there, that will assist ease power on Maruti Suzuki to meet marketplace demand.
"At the beginning of 2019 second unit at Gujarat plant will start and maybe in six months it will have full production of 2.5 lakh units," he mentioned.
In 2018-19, the company is expecting 2.5 lakh gadgets from the Gujarat plant.
He mentioned even at the corporate's present vegetation at Gurgaon and Manesar in Haryana, MSI has been ready to strengthen volumes through round 5 according to cent via productivity enhancement. The two vegetation in Haryana produce round 1.5 million vehicles annually.
"I think we will try to find further room for improvement there," Ayukawa mentioned. With production of the new Swift to be totally shifted to Gujarat, he mentioned the company can have extra space for Baleno production at Manesar.
"Swift is the only model at present which we will be producing only at Gujarat," he added.
Maruti Suzuki lines up Rs 4,000 crore capex for next fiscal
![Maruti Suzuki lines up Rs 4,000 crore capex for next fiscal]()
Reviewed by Kailash
on
January 30, 2018
Rating:
