The company will begin work during the May-July quarter and the initial investment is estimated to be around Rs 2,000-2,200 crore.
R C Bhargava, chairman, Maruti Suzuki India said that while an exact date has not been fixed, work on the plant will start soon. "It would definitely begin within the May-July quarter," he said.
Also Read
Around three-four key vendors who have joint ventures with Maruti like Jai Bharat Maruti, Caparo Maruti and Futaba are expected to have their facilities at the Hansalpur site.
Other vendors are likely to set up shop at separate auto parks coming up in the region.
Osamu Suzuki, chairman of Suzuki Motor Corp, the Japanese parent of MSIL, visited the proposed plant site at Hansalpur on Saturday morning. During his brief visit, he also had a brief chat with local villagers.
"He said that work on the plant would begin very soon, and that the company aims to start manufacturing from here by 2015-16," informed Jayantibhai Parmar, deputy sarpanch of Hansalpur village. Suzuki took a trip around the site, where currently work on constructing the boundary wall is on.
Suzuki had met Gujarat chief minister Narendra Modi earlier on Friday night and briefed him about the company's decision to start work soon on the project.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)