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HomeNewsBusinessMaruti Suzuki is first car manufacturer in India to make 2 million units in a year

Maruti Suzuki is first car manufacturer in India to make 2 million units in a year

An Ertiga made at its Manesar factory in Haryana is the 2 millionth vehicle to roll out from Maruti Suzuki's stables

December 17, 2024 / 15:07 IST
Maruti Suzuki Ertiga

An Ertiga, its popular multi-purpose vehicle manufactured at its Manesar facility in Haryana, drove Maruti Suzuki India Ltd to new milestone — two million vehicles manufactured in a calendar year, making India’s largest car manufacturer the only company to achieve the feat in the passenger vehicle space.

Of the two million vehicles, almost 60 percent were manufactured in Haryana and 40 percent in Gujarat, the company said in a release on December 17. Baleno, Fronx, Ertiga, WagonR and Brezza were the top 5 vehicles it made during year.

“The 2 million production milestone is a testament to India’s manufacturing potential and our dedication to ‘Make in India’ initiative. This achievement reflects our commitment, alongside our supplier and dealer partners, to driving economic growth, supporting nation building, and making India’s automobile industry self-reliant and globally competitive," MSIL managing director & CEO Hisashi Takeuchi said.

Maruti Suzuki is also the first among Suzuki Motor Corporation’s global makers to reach the milestone.

Also Read | Maruti Suzuki announces up to 4% hike in car prices from January 2025

Haryana and Gujarat facilities have a combined annual production capacity of 2.35 million units. Expecting growing demand in India and world, Maruti plans to expand the capacity to 4 million units.

Maruti Suzuki is planning another greenfield facility with an annual capacity of 1 million units and is in the process of identifying a location.

Maruti Suzuki reported a 10 percent year-on-year increase in sales at 1,81,531 units in November.

At 2.42 pm, the stock was trading at Rs 11,101.95, down 1.5 percent from the pervious close, reflecting the wider market weakness.

Moneycontrol News
first published: Dec 17, 2024 03:07 pm

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