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Maruti Suzuki to strengthen R&D; new facility soon
Determined to maintain its 50 per cent share in the increasingly competitive automobile market, Maruti Suzuki is going to strengthen its R&D facility and marketing network, reports Business Line.
Determined to maintain its 50 per cent share in the increasingly competitive automobile market, Maruti Suzuki is going to strengthen its R&D facility and marketing network.
"The company will invest ¥50 billion (Rs 1,751 crore) in R&D in three years. We are looking for a place to set up an R&D centre. It will come up in two-three years," said Mr Shinzo Nakanishi, who will take over as the Managing Director and CEO of Maruti Suzuki on December 19.
"We currently have 800 - 1,000 people working in our R&D wing. We will recruit more people," said Mr Nakanishi, in his first interaction with the presspersons after being announced as the Managing Director and CEO of the company.
The company had already announced its plan for investing ¥200 billion in its manufacturing facilities at Gurgaon and Manesar up to 2010.
"The company will invest ¥50 billion (Rs 1,751 crore) in R&D in three years. We are looking for a place to set up an R&D centre. It will come up in two-three years," said Mr Shinzo Nakanishi, who will take over as the Managing Director and CEO of Maruti Suzuki on December 19. 
