Suzuki to invest Rs 250cr in MUL

While giving the details of new foundry Jagdish khattar, who has been retained as managing director of the company, said that this foundry would be set up at Manesar in Haryana and pointed out that “preparatory work for the foundry has been completed, and will be implemented within 12 months.” This would help us in achieving high localisation content in our forthcoming models and complete the indigenisation of our older models, he added.

Suzuki said that Maruti would remain an Indian company with no change in its status, but did not divulge the details of new models saying, ‘just wait and watch’. Regarding the transfer of gear box technology Suzuki said “we have already indigenised 70 per cent of this”. As part of MUL’s export plans Suzuki informed that “we are actively looking at Alto which has received excellent response in Europe”.