Maruti Not To Cut Production

Maruti Suzuki India (MSIL), announced that the company had no plans to cut production and would continue with its expansion plans despite of slowing economy and adverse market conditions. The company has plans to expand its production capacity of its Manesar plant in Haryana to three lac units by end-January.

It has committed an investment of Rs 90 billion, of which they have already invested Rs 60 billion to spur the business growth. Maruti Suzuki is developing the mega car terminal facility at Mundra in partnership with Mundra Port and Special Economic Zone (MPSEZL). The mega car terminal, being built with an initial investment of Rs 1 billion will conform to international standards.