Maruti Suzuki To Invest Rs. 1700 Crore

Maruti Suzuki has approved an investment of Rs 1,700 crore ($369 million) to produce an additional 250,000 cars annually. The capacity growth will happen at Manesar in northern India, where Maruti is already investing $215 million in expansion and upgrading by shifting some capacity from its ageing facility in nearby Gurgaon. The additional capacity will begin commercial production by April 2012. The company currently has a production capacity of 1 million units.