Maruti chalks out road to FY24 with 2.4-million production capacity

Maruti Suzuki chairman R C Bhargava says that each year the company, based on workers' suggestions, has saved around Rs 300 crore in costs

India’s largest carmaker Maruti Suzuki is targeting an annual production capacity of 2.3-2.4 million in FY24 by “tweaking” its plants in a bid to cater to any increase in demand for passenger vehicles, said company chairman R C Bhargava.

Elaborating on capacity expansion, Bhargava pointed out that the Manesar unit and the Gujarat plant (parent Suzuki Motor's facility in Hansalpur Becharaji village) shall now have an equal capacity of producing 750,000 vehicles per annum each, on three lines that are up and running.  The Gurugram facility has a 500,000-per-annum capacity.

He said: “This capacity can be tweaked to produce more