Suzuki will spend 3.56 billion in India to build production base
Japan Automobile manufacturers Suzuki Motors on 6 September that will spend 3.56 billion, with the opening of the company in India's largest production base. New factory annual production capacity will reach 25 million units, is expected to go into production in mid-2013. Projected completion, Suzuki India annual overall production capacity will amount to 150 million. Affected by this, Suzuki at Tokyo Stock Exchange trading of stock 6 shouzhang 1.54% reported 1779 yen.
Suzuki spokesman 6, said that the new site selected in the adjacent India New Delhi, the capital of Haryana State horse Nisar. According to the Japan Kyodo 5, reported that the new plant will mainly produce small cars.
Suzuki India currently takes up about 50% of the passenger car market share, ranked first in India. However, with Japan and the United States and Europe by car dealer in succession into the India market, India commercial vehicle competition becoming increasingly fierce. Suzuki car to meet the challenges, the recent rapid construction of stable production system, while also improving the sales increase. Data show, Suzuki 2009 fiscal year (April 2009 to March 2010) in the India market yield an increase of over 30% for the first time, more than 100 million units.