Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Maruti takes possession of land at Rohtak
BS Reporter / Rohtak Aug 22, 2009, 01:00 IST

To build global R&D centre

Maruti Suzuki, the country’s largest manufacturer of cars, today took formal possession of 700 acres of land allotted to it by the Haryana government for a major research and development hub at the Industrial Model Township here, 70 km from Delhi.

The centre is slated to become Suzuki’s largest R&D centre outside Japan. Of the allotted area, 100 acres will house the company’s auto parts suppliers, while the rest will house the R&D units and the test tracks.The first phase of the R&D centre will be completed in 2012 and the second phase in 2015. A company official said

Maruti paid around Rs 500 crore to purchase the land.

In a signing ceremony witnessed by the state’s chief minister, Bhupinder Singh Hooda, the company’s chairman, R C Bhargava, said the event was a milestone in the company’s history. “Twenty five years ago, we started by assembling SKD kits. Today, we have come to designing and manufacturing cars, not only for the domestic market but also for global markets. The upcoming R&D centre will transform Maruti into a complete world-class manufacturer of small cars,” he said.

Maruti Suzuki operates two factories in Haryana, at Manesar and Guragon, both close to Delhi. The choice for choosing the state again to locate its R&D centre, according to the company’s managing director and CEO, Shinzo Nakanishi, was locational advantage. “About 80 per cent of Maruti’s suppliers are located in and around Gurgaon. The upcoming R&D centre will provide an opportunity for young Indian engineers to train in the company’s facilities.”

With more car manufacturers setting up facilities in India, Bhargava said both the industry and the government need to do more to retain the country’s competitive edge as a hub for small car manufacturing. “Both the Chinese and the South Koreans are gearing up to become hubs for the manufacture of small cars. Further, the world has moved away from large cars and is becoming focused on small cars. We need to work together to improve competitiveness and that’s what we hope to do with the upcoming R&D centre.”

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets extend losses, RIL down 3%
- Power stocks on a roll, Adani Power up 24% in 2-days
- Gayatri Projects rallies 18% ahead of rights issue
- Aviation stocks gain 2% on cut in jet fuel prices
- Sun Pharma slips 3% on $960-mn lawsuit
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Leela parts ways with Kempinski
- Nestle: Food for thought
- Tailor-made but not good enough
- Tata Motors soars to record level as JLR propels profit
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us