Maruti Suzuki's much touted Gujarat plant proposal will be formally taken up by the board of the company in April. According to company insiders Maruti will complete the 'status report' on the plant by the end of the month which will then be presented before the board next month.
Sources say following a formal approval the construction work at the plant should start by June or July this year. CNBC-TV18 reported earlier that the company has acquired an additional 500 acres of land in Gujarat to expand its manufacturing footprint in the state.
Sources also add that on Friday the company board will meet to plan out the expenditure for the new fiscal which would be chaired by Osamu Suzuki chairman of Suzuki Motor Corp.
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