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Jun 04, 2012, 08.16 AM IST
The country's top carmaker Maruti Suzuki is to invest Rs 4000 crore to set up a new manufacturing facility in Gujarat, with a capacity of up to 2 million units by 2015-16.
The company has signed an agreement with the government of western Indian state of Gujarat to buy land to set up a new manufacturing facility, it said in a statement on Saturday. Maruti Suzuki estimates it will generate employment for more than 2,000 people. Maruti, 54.2% owned by Japan's Suzuki Motor Corp on Friday, reported a 5% fall in its monthly vehicles sales in May.
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